Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) Sees Large Increase in Short Interest

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 25,513 shares, a growth of 200.0% from the June 30th total of 8,505 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 119,990 shares, the days-to-cover ratio is presently 0.2 days.

Life Healthcare Group Stock Up 1.6%

OTCMKTS:LTGHY traded up $0.04 during mid-day trading on Tuesday, reaching $2.62. 20,650 shares of the company were exchanged, compared to its average volume of 59,369. The stock has a market cap of $960.88 million and a PE ratio of 0.25. Life Healthcare Group has a 12 month low of $2.24 and a 12 month high of $3.36. The company has a fifty day moving average of $2.56 and a 200 day moving average of $2.73.

Analysts Set New Price Targets

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

About Life Healthcare Group

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.