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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 39,094 shares, a growth of 322.0% from the April 30th total of 9,263 shares. Based on an average trading volume of 247,970 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Sonic Healthcare Stock Performance

OTCMKTS:SKHHY opened at $13.96 on Friday. Sonic Healthcare has a one year low of $12.96 and a one year high of $19.25. The business has a fifty day moving average price of $13.94 and a 200-day moving average price of $14.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sonic Healthcare to a “hold” rating in a report on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sonic Healthcare presently has a consensus rating of “Reduce”.

Sonic Healthcare Company Profile

Sonic Healthcare (OTCMKTS:SKHHY) is a global provider of medical diagnostics services, specializing in pathology and radiology. Established in 1987 and headquartered in Sydney, Australia, the company has grown into one of the largest laboratory networks in the world. Its ordinary shares trade on the Australian Securities Exchange, and its American Depositary Receipts trade over the counter under the symbol SKHHY.

The company offers a broad range of clinical pathology services, including anatomic pathology, clinical chemistry, hematology, microbiology and molecular diagnostics.