Cochlear Limited (OTCMKTS:CHEOY) Sees Significant Increase in Short Interest

Cochlear Limited (OTCMKTS:CHEOY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 3,500 shares, an increase of 218.2% from the October 31st total of 1,100 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 0.1 days.

Cochlear Stock Down 0.3 %

CHEOY traded down $0.35 during trading on Friday, reaching $99.69. The stock had a trading volume of 3,162 shares, compared to its average volume of 4,788. The business has a 50-day moving average of $97.02 and a 200-day moving average of $103.29. Cochlear has a one year low of $89.91 and a one year high of $115.85.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Cochlear to a “hold” rating in a research note on Friday, August 16th.

Cochlear Company Profile

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.