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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a significant increase in short interest during 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. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 365,056 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SKHHY shares. The Goldman Sachs Group lowered shares of Sonic Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research downgraded shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sonic Healthcare Trading Down 0.2%

OTCMKTS SKHHY opened at $12.72 on Thursday. Sonic Healthcare has a twelve month low of $12.60 and a twelve month high of $17.49. The firm has a 50-day simple moving average of $14.10 and a 200 day simple moving average of $14.18.

About Sonic Healthcare

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.