Short Interest in Sonic Healthcare Limited (OTCMKTS:SKHHY) Grows By 16.9%

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 9,700 shares, an increase of 16.9% from the October 15th total of 8,300 shares. Based on an average trading volume of 44,400 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Sonic Healthcare Trading Down 2.4 %

OTCMKTS SKHHY opened at $16.54 on Friday. The business’s 50 day moving average is $18.02 and its two-hundred day moving average is $17.71. Sonic Healthcare has a 12-month low of $15.24 and a 12-month high of $22.40.

Sonic Healthcare Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were given a $0.3843 dividend. This is a boost from Sonic Healthcare’s previous dividend of $0.25. The ex-dividend date of this dividend was Thursday, September 5th.

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.