Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Short Interest Down 72.5% in July

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 17,575 shares, a decline of 72.5% from the July 15th total of 63,804 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 175,425 shares, the days-to-cover ratio is currently 0.1 days.

Sonic Healthcare Stock Performance

SKHHY traded up $0.17 during mid-day trading on Friday, hitting $15.96. The stock had a trading volume of 52,088 shares, compared to its average volume of 109,745. The stock’s fifty day simple moving average is $14.72 and its 200-day simple moving average is $14.73. Sonic Healthcare has a 1-year low of $12.94 and a 1-year high of $19.25. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

Analyst Ratings Changes

Separately, Zacks Research lowered Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.