Short Interest in Sonic Healthcare Limited (OTCMKTS:SKHHY) Declines By 54.2%

Sonic Healthcare Limited (OTCMKTS:SKHHY - Get Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 6,600 shares, a decline of 54.2% from the May 15th total of 14,400 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 66,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SKHHY. The Goldman Sachs Group upgraded Sonic Healthcare to a "strong-buy" rating in a research note on Friday, April 4th. Morgan Stanley set a $28.10 price target on Sonic Healthcare in a research report on Wednesday, March 19th.

Sonic Healthcare Stock Performance

OTCMKTS SKHHY traded down $0.35 during trading on Tuesday, hitting $17.21. 100,691 shares of the stock traded hands, compared to its average volume of 51,666. The firm has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $17.09. Sonic Healthcare has a 12-month low of $14.47 and a 12-month high of $20.59.

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.