Short Interest in Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Increases By 322.0%

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 39,094 shares, an increase of 322.0% from the April 30th total of 9,263 shares. Based on an average daily volume of 247,970 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Sonic Healthcare Trading Up 0.7%

Shares of SKHHY stock opened at $13.56 on Friday. Sonic Healthcare has a 12 month low of $12.96 and a 12 month high of $19.25. The stock has a 50 day moving average of $13.95 and a two-hundred day moving average of $14.91.

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.