Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Drops By 97.6%

Cochlear Limited (OTCMKTS:CHEOY) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decline of 97.6% from the February 13th total of 4,100 shares. Based on an average daily trading volume, of 54,700 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on Cochlear in a report on Thursday, January 16th. They issued a “neutral” rating on the stock.

Cochlear Trading Down 1.9 %

Shares of CHEOY stock traded down $1.58 during mid-day trading on Wednesday, reaching $81.96. The company’s stock had a trading volume of 30,331 shares, compared to its average volume of 15,738. The firm’s 50-day moving average is $91.65 and its two-hundred day moving average is $94.86. Cochlear has a 1-year low of $77.93 and a 1-year high of $115.85.

Cochlear Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, March 21st will be paid a dividend of $0.6165 per share. This is an increase from Cochlear’s previous dividend of $0.14. The ex-dividend date of this dividend is Friday, March 21st.

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.