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

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the recipient of a significant decline in short interest in the month of 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 daily volume of 92,400 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Sonic Healthcare Price Performance

Shares of OTCMKTS:SKHHY traded down $0.35 during trading on Thursday, hitting $18.16. 20,938 shares of the stock traded hands, compared to its average volume of 53,420. The company has a fifty day moving average price of $18.02 and a two-hundred day moving average price of $17.76. Sonic Healthcare has a 52-week low of $15.24 and a 52-week high of $22.40.

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.