Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Large Decrease in Short Interest

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,575 shares, a decrease of 72.5% from the July 15th total of 63,804 shares. Based on an average daily volume of 175,425 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Sonic Healthcare Trading Up 1.1%

Shares of SKHHY opened at $15.96 on Friday. The stock’s 50-day moving average is $14.77 and its two-hundred day moving average is $14.73. Sonic Healthcare has a 12 month low of $12.94 and a 12 month high of $19.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.01.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Sonic Healthcare

Sonic Healthcare (OTCMKTS:SKHHY) is a global provider of medical diagnostics services, specializing in pathology and radiology. Established in 1987 and headquartered in Sydney, Australia, the company has grown into one of the largest laboratory networks in the world. Its ordinary shares trade on the Australian Securities Exchange, and its American Depositary Receipts trade over the counter under the symbol SKHHY.

The company offers a broad range of clinical pathology services, including anatomic pathology, clinical chemistry, hematology, microbiology and molecular diagnostics.