Short Interest in Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) Grows By 218.0%

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 21,335 shares, an increase of 218.0% from the May 14th total of 6,710 shares. Based on an average daily volume of 87,080 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Life Healthcare Group Stock Up 1.6%

Shares of OTCMKTS:LTGHY opened at $2.48 on Friday. The business has a 50 day moving average price of $2.78 and a 200 day moving average price of $2.75. Life Healthcare Group has a twelve month low of $2.24 and a twelve month high of $3.36. The company has a market cap of $907.71 million and a price-to-earnings ratio of 0.25.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Life Healthcare Group to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Life Healthcare Group

Life Healthcare Group (OTCMKTS:LTGHY) is a South Africa–based private healthcare provider offering a comprehensive range of acute and specialised medical services. Headquartered in Sandton, the company operates a network of acute care hospitals that deliver surgical, diagnostic and therapeutic treatments across multiple clinical disciplines. Its facilities include critical care units, maternity wards, oncology centres and rehabilitation services tailored to both in-patient and out-patient needs.

The group’s core business activities span general surgery, cardiology, orthopaedics, neurology and oncology, supported by advanced diagnostic imaging and laboratory services.