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

Ramsay Health Care Limited (OTCMKTS:RMYHY - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a drop of 57.1% from the March 15th total of 700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 700 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut Ramsay Health Care from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th.

Ramsay Health Care Price Performance

Shares of OTCMKTS RMYHY remained flat at $4.89 during mid-day trading on Monday. 97 shares of the company were exchanged, compared to its average volume of 677. The company has a fifty day moving average of $5.25 and a two-hundred day moving average of $5.88. Ramsay Health Care has a fifty-two week low of $4.44 and a fifty-two week high of $9.00.

Ramsay Health Care Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 10th were paid a $0.063 dividend. This is an increase from Ramsay Health Care's previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 10th.

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.