Envoy Medical, Inc. (NASDAQ:COCH – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 25,100 shares, an increase of 16.2% from the July 15th total of 21,600 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Investors Weigh In On Envoy Medical
A number of hedge funds have recently made changes to their positions in COCH. Weiss Asset Management LP acquired a new stake in Envoy Medical in the 4th quarter valued at approximately $37,000. Virtu Financial LLC acquired a new position in shares of Envoy Medical during the first quarter valued at $55,000. Finally, WealthTrust Asset Management LLC bought a new position in Envoy Medical in the 1st quarter valued at about $44,000. Institutional investors own 8.59% of the company’s stock.
Envoy Medical Stock Performance
COCH stock traded up $0.02 during midday trading on Friday, reaching $2.61. The company had a trading volume of 20,097 shares, compared to its average volume of 194,614. The stock has a 50 day moving average price of $2.35 and a 200 day moving average price of $3.32. Envoy Medical has a fifty-two week low of $0.75 and a fifty-two week high of $11.72.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets assumed coverage on shares of Envoy Medical in a report on Monday, June 24th. They issued a “buy” rating and a $8.50 price objective for the company.
Check Out Our Latest Research Report on Envoy Medical
About Envoy Medical
Envoy Medical, Inc, a hearing health company, provides medical technologies for the hearing loss spectrum. Its products include personal sound amplification devices; hearing aids; Esteem fully implanted active middle ear implants; auditory osseointegrated implants; and Acclaim cochlear implants. The company was formerly known as Envoy Medical Corporation and changed its name to Envoy Medical, Inc in September 2023.
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