Short Interest in Sonic Healthcare Limited (OTCMKTS:SKHHY) Decreases By 96.9%

Sonic Healthcare Limited (OTCMKTS:SKHHY) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 300 shares, a decline of 96.9% from the October 31st total of 9,700 shares. Based on an average trading volume of 92,400 shares, the days-to-cover ratio is currently 0.0 days.

Sonic Healthcare Price Performance

SKHHY traded down $0.35 during trading on Friday, reaching $18.16. 20,938 shares of the stock traded hands, compared to its average volume of 38,557. The stock’s 50-day simple moving average is $18.02 and its two-hundred day simple moving average is $17.76. Sonic Healthcare has a fifty-two week low of $15.24 and a fifty-two week high of $22.40.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Sonic Healthcare to a “hold” rating in a research note on Monday, August 26th.

About Sonic Healthcare

Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health services, and their collective patients. The company provides laboratory medicine/pathology testing services, such as biochemistry, cytopathology, genetics, haematology, histopathology, immunoserology, microbiology, molecular pathology, prenatal testing, toxicology, and ancillary functions; and radiology services, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry.