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

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley set a $28.10 price objective on shares of Sonic Healthcare in a research note on Wednesday, March 19th.

Sonic Healthcare Stock Down 0.5 %

OTCMKTS SKHHY traded down $0.08 during mid-day trading on Thursday, hitting $16.12. The stock had a trading volume of 48,355 shares, compared to its average volume of 41,906. Sonic Healthcare has a twelve month low of $15.24 and a twelve month high of $20.59. The firm’s 50 day moving average is $17.34 and its 200 day moving average is $17.67.

Sonic Healthcare Cuts Dividend

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

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.