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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 9,263 shares, a growth of 210.0% from the April 15th total of 2,988 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 238,712 shares, the days-to-cover ratio is presently 0.0 days.

Sonic Healthcare Stock Performance

Shares of SKHHY opened at $13.49 on Friday. The business has a fifty day moving average of $14.39 and a 200 day moving average of $14.94. Sonic Healthcare has a 52-week low of $13.00 and a 52-week high of $19.25.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SKHHY shares. Zacks Research upgraded Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. Citigroup downgraded Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Sonic Healthcare

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.