Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the target 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 currently 0.1 days.
Cochlear Price Performance
Shares of OTCMKTS CHEOY traded down $0.35 during midday trading on Friday, reaching $99.69. The company’s stock had a trading volume of 3,162 shares, compared to its average volume of 4,788. The firm has a 50 day moving average price of $97.02 and a 200-day moving average price of $103.29. Cochlear has a 12-month low of $89.91 and a 12-month 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 report 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.
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