Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Significant Growth in Short Interest

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,562 shares, an increase of 83.3% from the September 15th total of 852 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 365,056 shares, the days-to-cover ratio is currently 0.0 days.

Sonic Healthcare Stock Performance

SKHHY stock opened at $12.76 on Friday. The firm has a 50 day moving average of $14.04 and a 200-day moving average of $14.17. Sonic Healthcare has a 12-month low of $12.58 and a 12-month high of $17.49.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SKHHY shares. Zacks Research cut Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group lowered shares of Sonic Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australia-based healthcare company that provides medical diagnostic services. Its principal business is laboratory medicine, including clinical pathology, anatomical pathology, genetics, and other testing services used by physicians, hospitals, and other healthcare providers. The company also offers medical imaging and related diagnostic services in selected markets.

Founded in 1987 and headquartered in Sydney, Sonic Healthcare has expanded from its Australian pathology operations into an international healthcare group.