Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Drops By 76.5%

Cochlear Limited (OTCMKTS:CHEOY) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 400 shares, a drop of 76.5% from the June 30th total of 1,700 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 0.1 days.

Cochlear Stock Performance

OTCMKTS:CHEOY traded up $0.25 during midday trading on Thursday, reaching $112.05. The stock had a trading volume of 1,814 shares, compared to its average volume of 1,951. The firm has a fifty day simple moving average of $108.64 and a two-hundred day simple moving average of $106.59. Cochlear has a 12-month low of $75.13 and a 12-month high of $115.72.

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.