Sonic Healthcare Limited (OTCMKTS:SKHHY) Short Interest Down 96.9% in March

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a decrease of 96.9% from the February 28th total of 12,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 107,900 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Morgan Stanley set a $28.10 target price on shares of Sonic Healthcare in a research note on Wednesday, March 19th.

Sonic Healthcare Stock Performance

Shares of OTCMKTS:SKHHY traded down $0.08 during midday trading on Wednesday, hitting $16.12. 48,355 shares of the stock traded hands, compared to its average volume of 41,906. The business’s 50 day moving average is $17.36 and its two-hundred day moving average is $17.68. Sonic Healthcare has a one year low of $15.24 and a one year high of $20.59.

Sonic Healthcare Cuts Dividend

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

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.