Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) Sees Significant Decline in Short Interest

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 8,505 shares, a decrease of 72.0% from the June 15th total of 30,370 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 124,084 shares, the short-interest ratio is currently 0.1 days.

Life Healthcare Group Price Performance

OTCMKTS:LTGHY traded up $0.00 during trading hours on Tuesday, hitting $2.56. 16,121 shares of the company were exchanged, compared to its average volume of 59,663. Life Healthcare Group has a 52-week low of $2.24 and a 52-week high of $3.36. The stock has a market capitalization of $938.92 million and a price-to-earnings ratio of 0.25. The company’s 50 day moving average price is $2.59 and its 200-day moving average price is $2.75.

Analyst Ratings Changes

Separately, Zacks Research upgraded Life Healthcare Group to a “hold” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Life Healthcare Group Company Profile

Life Healthcare Group (OTCMKTS:LTGHY) is a South Africa–based private healthcare provider offering a comprehensive range of acute and specialised medical services. Headquartered in Sandton, the company operates a network of acute care hospitals that deliver surgical, diagnostic and therapeutic treatments across multiple clinical disciplines. Its facilities include critical care units, maternity wards, oncology centres and rehabilitation services tailored to both in-patient and out-patient needs.

The group’s core business activities span general surgery, cardiology, orthopaedics, neurology and oncology, supported by advanced diagnostic imaging and laboratory services.