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

Cochlear Limited (OTCMKTS:CHEOY) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 200 shares, an increase of 100.0% from the December 31st total of 100 shares. Based on an average trading volume of 35,500 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on Cochlear in a report on Thursday, January 16th. They set a “neutral” rating for the company.

Cochlear Stock Up 0.7 %

Shares of CHEOY stock traded up $0.74 during trading hours on Thursday, reaching $99.44. 8,075 shares of the stock were exchanged, compared to its average volume of 11,062. The business’s fifty day moving average is $95.15 and its two-hundred day moving average is $99.09. Cochlear has a 12-month low of $89.39 and a 12-month high of $115.85.

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.