Cochlear Limited (OTCMKTS:CHEOF) Sees Large Decrease in Short Interest

Cochlear Limited (OTCMKTS:CHEOF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 53,300 shares, a decrease of 30.5% from the March 15th total of 76,700 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 533.0 days.

Cochlear Stock Performance

Cochlear stock remained flat at $165.34 during mid-day trading on Friday. Cochlear has a 1-year low of $148.62 and a 1-year high of $237.38. The stock has a fifty day simple moving average of $166.61 and a two-hundred day simple moving average of $181.16.

About Cochlear

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.