Cochlear Limited (OTCMKTS:CHEOY) Sees Large Growth in Short Interest

Cochlear Limited (OTCMKTS:CHEOY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 800 shares, an increase of 60.0% from the September 15th total of 500 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is currently 0.1 days.

Cochlear Stock Up 2.9 %

OTCMKTS:CHEOY traded up $2.80 on Friday, reaching $100.64. The company’s stock had a trading volume of 10,608 shares, compared to its average volume of 3,916. Cochlear has a 1-year low of $76.12 and a 1-year high of $115.85. The business’s 50-day moving average price is $101.10 and its two-hundred day moving average price is $105.55.

Cochlear Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, September 18th will be paid a $0.1424 dividend. This is a boost from Cochlear’s previous dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 18th.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Cochlear to a “hold” rating in a report on Friday, August 16th.

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.