Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Short Interest Up 664.1% in August

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 134,297 shares, an increase of 664.1% from the July 30th total of 17,575 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 185,827 shares, the short-interest ratio is presently 0.7 days.

Sonic Healthcare Price Performance

Shares of SKHHY opened at $14.65 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.01. The company’s fifty day simple moving average is $15.00 and its 200 day simple moving average is $14.70. Sonic Healthcare has a 1-year low of $12.94 and a 1-year high of $17.49.

Wall Street Analysts Forecast Growth

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

Sonic Healthcare Company Profile

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.