Short Interest in Cochlear Limited (OTCMKTS:CHEOF) Drops By 24.4%

Cochlear Limited (OTCMKTS:CHEOF) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 45,900 shares, a drop of 24.4% from the October 31st total of 60,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 459.0 days.

Cochlear Price Performance

CHEOF remained flat at $188.36 during trading on Friday. The stock’s 50 day moving average is $191.63 and its 200-day moving average is $206.45. Cochlear has a 1-year low of $163.89 and a 1-year high of $237.38.

Cochlear Company Profile

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.