Ramsay Health Care Limited (OTCMKTS:RMYHY) Sees Significant Decrease in Short Interest

Ramsay Health Care Limited (OTCMKTS:RMYHY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a decrease of 57.1% from the March 15th total of 700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Ramsay Health Care Stock Performance

Shares of OTCMKTS RMYHY remained flat at $4.89 during trading hours on Friday. The stock had a trading volume of 97 shares, compared to its average volume of 677. The company’s 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $5.90. Ramsay Health Care has a one year low of $4.44 and a one year high of $9.00.

Ramsay Health Care Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 10th were paid a $0.063 dividend. This is a boost from Ramsay Health Care’s previous dividend of $0.05. The ex-dividend date was Monday, March 10th.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded shares of Ramsay Health Care from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th.

About Ramsay Health Care

Ramsay Health Care Limited owns and operates hospitals. The company offers health care services to public and private patients. It operates facilities in approximately 530 locations in the Asia Pacific, the United Kingdom, France, and Nordics. Ramsay Health Care Limited was founded in 1964 and is based in Sydney, Australia.