CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Down 39.2% in April

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 19,064 shares, a drop of 39.2% from the April 15th total of 31,352 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 140,854 shares, the days-to-cover ratio is presently 0.1 days.

CochLear Trading Down 2.0%

OTCMKTS:CHEOY opened at $33.72 on Tuesday. CochLear has a 52-week low of $31.82 and a 52-week high of $105.60. The stock has a 50-day simple moving average of $51.86 and a 200 day simple moving average of $74.38.

Analysts Set New Price Targets

A number of research firms have recently commented on CHEOY. Zacks Research raised CochLear to a “hold” rating in a research report on Friday, April 17th. Royal Bank Of Canada raised CochLear from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. Finally, UBS Group lowered CochLear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.