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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 122,910 shares, an increase of 207.6% from the May 31st total of 39,957 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 265,370 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Sonic Healthcare Price Performance

Shares of OTCMKTS SKHHY traded up $0.71 during midday trading on Monday, hitting $14.71. 24,132 shares of the company’s stock traded hands, compared to its average volume of 113,739. Sonic Healthcare has a 1 year low of $12.94 and a 1 year high of $19.25. The firm has a fifty day moving average of $13.86 and a 200 day moving average of $14.78.

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.