Sonic Healthcare Limited (OTCMKTS:SKHHY) Short Interest Update

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 3,200 shares, a decline of 84.5% from the August 15th total of 20,600 shares. Based on an average daily volume of 64,700 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Sonic Healthcare to a “hold” rating in a research report on Monday, August 26th.

Sonic Healthcare Price Performance

Shares of OTCMKTS:SKHHY traded down $0.28 during midday trading on Thursday, reaching $17.62. The company had a trading volume of 22,321 shares, compared to its average volume of 61,213. The business’s 50 day moving average price is $18.02 and its 200 day moving average price is $17.80. Sonic Healthcare has a 1-year low of $15.24 and a 1-year high of $22.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.84.

Sonic Healthcare Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 5th will be given a $0.3843 dividend. This is a boost from Sonic Healthcare’s previous dividend of $0.25. The ex-dividend date is Thursday, September 5th.

Sonic Healthcare Company Profile

Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health services, and their collective patients. The company provides laboratory medicine/pathology testing services, such as biochemistry, cytopathology, genetics, haematology, histopathology, immunoserology, microbiology, molecular pathology, prenatal testing, toxicology, and ancillary functions; and radiology services, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry.