Sonova Holding AG (OTCMKTS:SONVY) Short Interest Update

Sonova Holding AG (OTCMKTS:SONVY) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 21,700 shares, a growth of 287.5% from the January 31st total of 5,600 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SONVY shares. Barclays cut Sonova from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup upgraded shares of Sonova to a “strong sell” rating in a research report on Thursday, November 21st.

Sonova Stock Down 0.9 %

Shares of Sonova stock traded down $0.59 during mid-day trading on Friday, hitting $64.42. 11,456 shares of the stock were exchanged, compared to its average volume of 15,773. The company has a 50-day simple moving average of $66.77 and a 200 day simple moving average of $69.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.21 and a quick ratio of 0.82. Sonova has a twelve month low of $54.18 and a twelve month high of $77.56.

About Sonova

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.