Sonova Holding AG (OTCMKTS:SONVY) Sees Significant Drop in Short Interest

Sonova Holding AG (OTCMKTS:SONVY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 85.4% from the October 15th total of 19,200 shares. Based on an average trading volume of 38,300 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several research firms have recently commented on SONVY. The Goldman Sachs Group raised Sonova to a “strong sell” rating in a research report on Tuesday, October 22nd. UBS Group raised shares of Sonova to a “hold” rating in a research report on Tuesday, August 13th.

Sonova Stock Performance

Shares of Sonova stock traded down $1.07 during trading on Wednesday, reaching $71.52. The company’s stock had a trading volume of 34,166 shares, compared to its average volume of 42,985. The company has a 50-day simple moving average of $72.54 and a two-hundred day simple moving average of $66.24. Sonova has a 1-year low of $51.72 and a 1-year high of $77.56. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 0.63.

Sonova Company Profile

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.