Cochlear Limited (OTCMKTS:CHEOF) Sees Significant Increase in Short Interest

Cochlear Limited (OTCMKTS:CHEOF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 76,700 shares, a growth of 30.9% from the February 28th total of 58,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 767.0 days.

Cochlear Price Performance

CHEOF stock remained flat at $161.22 during trading hours on Wednesday. The business has a fifty day moving average of $177.10 and a two-hundred day moving average of $184.44. Cochlear has a 52 week low of $159.16 and a 52 week 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.