Ramsay Health Care Limited (OTCMKTS:RMYHY) Sees Significant Decrease in Short Interest

Ramsay Health Care Limited (OTCMKTS:RMYHY) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 57.1% from the March 15th total of 700 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada downgraded Ramsay Health Care from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th.

Ramsay Health Care Stock Performance

Shares of OTCMKTS:RMYHY remained flat at $4.89 during midday trading on Friday. 97 shares of the company traded hands, compared to its average volume of 677. The business has a 50 day moving average of $5.26 and a 200-day moving average of $5.90. Ramsay Health Care has a twelve month low of $4.44 and a twelve month high of $9.00.

Ramsay Health Care Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 10th were paid a dividend of $0.063 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Ramsay Health Care’s previous dividend of $0.05.

Ramsay Health Care Company Profile

Ramsay Health Care Limited owns and operates hospitals. The company offers health care services to public and private patients. It operates facilities in approximately 530 locations in the Asia Pacific, the United Kingdom, France, and Nordics. Ramsay Health Care Limited was founded in 1964 and is based in Sydney, Australia.