Sonova Holding (OTCMKTS:SONVY) Short Interest Update

Sonova Holding (OTCMKTS:SONVY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 13,880 shares, an increase of 255.2% from the August 31st total of 3,908 shares. Based on an average trading volume of 27,737 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Sonova Stock Up 0.5%

OTCMKTS SONVY traded up $0.29 during trading hours on Friday, reaching $58.38. 5,996 shares of the company were exchanged, compared to its average volume of 13,242. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.75. Sonova has a 1 year low of $42.26 and a 1 year high of $61.04. The business’s 50 day simple moving average is $56.97 and its 200-day simple moving average is $51.18.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group raised shares of Sonova from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. Morgan Stanley raised shares of Sonova from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, June 23rd. Finally, Citigroup reissued a “sell” rating on shares of Sonova in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sonova currently has a consensus rating of “Hold”.

Sonova Company Profile

Sonova Holding AG is a Switzerland-based company focused on hearing care and hearing solutions. Through its businesses, the company develops, manufactures and distributes hearing aids, cochlear implants and other hearing-related technologies designed to help people with hearing loss communicate and participate more fully in daily life.

Sonova’s portfolio includes hearing instruments and accessories, wireless communication products, implantable hearing systems and audiological services.