Sonic Healthcare Limited (OTCMKTS:SKHHY) Short Interest Down 96.9% in March

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 400 shares, a decrease of 96.9% from the February 28th total of 12,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 107,900 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley set a $28.10 price objective on Sonic Healthcare in a report on Wednesday, March 19th.

Sonic Healthcare Trading Down 0.5 %

Shares of SKHHY traded down $0.08 during mid-day trading on Wednesday, reaching $16.12. The company’s stock had a trading volume of 48,355 shares, compared to its average volume of 41,906. Sonic Healthcare has a 52 week low of $15.24 and a 52 week high of $20.59. The company’s fifty day moving average price is $17.36 and its two-hundred day moving average price is $17.68.

Sonic Healthcare Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be paid a $0.2816 dividend. The ex-dividend date is Thursday, March 6th.

About Sonic Healthcare

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.