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

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 400 shares, a drop of 96.9% from the February 28th total of 12,800 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 107,900 shares, the days-to-cover ratio is currently 0.0 days.

Sonic Healthcare Stock Performance

Shares of SKHHY stock traded down $0.08 during mid-day trading on Thursday, reaching $16.12. The company’s stock had a trading volume of 48,355 shares, compared to its average volume of 41,906. Sonic Healthcare has a 12-month low of $15.24 and a 12-month high of $20.59. The company’s 50 day simple moving average is $17.34 and its 200-day simple moving average is $17.67.

Sonic Healthcare Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be given a dividend of $0.2816 per share. The ex-dividend date is Thursday, March 6th.

Wall Street Analyst Weigh In

Separately, Morgan Stanley set a $28.10 target price on Sonic Healthcare in a report on Wednesday, March 19th.

Sonic Healthcare Company Profile

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.