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

Cochlear Limited (OTCMKTS:CHEOY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 12,200 shares, an increase of 1,425.0% from the September 30th total of 800 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 1.0 days.

Cochlear Price Performance

CHEOY stock opened at $94.76 on Friday. The firm has a 50 day simple moving average of $98.50 and a two-hundred day simple moving average of $104.65. Cochlear has a one year low of $76.12 and a one year high of $115.85.

Cochlear Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, September 18th were given a $0.1424 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from Cochlear’s previous dividend of $0.03.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised 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.