Fisher & Paykel Healthcare Co. Limited (OTCMKTS:FSPKF) Sees Large Growth in Short Interest

Fisher & Paykel Healthcare Co. Limited (OTCMKTS:FSPKF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 320,700 shares, a growth of 9.1% from the August 15th total of 294,000 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 114.5 days.

Fisher & Paykel Healthcare Price Performance

Shares of Fisher & Paykel Healthcare stock remained flat at $13.04 during midday trading on Tuesday. The stock has a 50 day simple moving average of $14.19 and a 200 day simple moving average of $15.02. Fisher & Paykel Healthcare has a 52 week low of $10.24 and a 52 week high of $16.69.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised shares of Fisher & Paykel Healthcare from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, August 30th.

Fisher & Paykel Healthcare Company Profile

Fisher & Paykel Healthcare Corporation Limited, together with its subsidiaries, designs, manufactures, markets, and sells medical device products and systems worldwide. It also provides its products for use in acute and chronic respiratory care, and surgery, as well as the treatment of obstructive sleep apnea (OSA) in the home and hospital.