Sonic Healthcare Limited (OTCMKTS:SKHHY) Sees Significant Decline in Short Interest

Sonic Healthcare Limited (OTCMKTS:SKHHY) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 600 shares, a decrease of 81.3% from the August 31st total of 3,200 shares. Based on an average daily volume of 38,700 shares, the days-to-cover ratio is presently 0.0 days.

Sonic Healthcare Price Performance

Shares of OTCMKTS SKHHY traded down $0.25 during mid-day trading on Wednesday, reaching $18.03. The company had a trading volume of 21,961 shares, compared to its average volume of 58,734. The business’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.75. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 0.40. Sonic Healthcare has a one year low of $15.24 and a one year high of $22.40.

Sonic Healthcare Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 5th will be paid a $0.3843 dividend. This is an increase from Sonic Healthcare’s previous dividend of $0.25. The ex-dividend date is Thursday, September 5th.

Analyst Ratings Changes

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

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.