Sonic Healthcare Limited (OTCMKTS:SKHHY - Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 14,400 shares, a decrease of 44.2% from the April 30th total of 25,800 shares. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company's shares are sold short.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Sonic Healthcare to a "strong-buy" rating in a report on Friday, April 4th. Morgan Stanley set a $28.10 price target on shares of Sonic Healthcare in a research note on Wednesday, March 19th.
Read Our Latest Stock Report on SKHHY
Sonic Healthcare Stock Performance
Shares of OTCMKTS SKHHY traded up $0.20 during trading on Tuesday, reaching $17.50. 34,887 shares of the company traded hands, compared to its average volume of 47,339. The firm has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $17.14. Sonic Healthcare has a 52-week low of $14.47 and a 52-week high of $20.59.
About Sonic Healthcare
(
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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.
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