Sonova Holding AG (OTCMKTS:SONVY) Short Interest Up 225.0% in November

Sonova Holding AG (OTCMKTS:SONVY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 9,100 shares, a growth of 225.0% from the October 31st total of 2,800 shares. Based on an average daily trading volume, of 27,100 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

SONVY has been the subject of a number of recent research reports. Barclays cut shares of Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup raised shares of Sonova to a “strong sell” rating in a report on Thursday, November 21st. The Goldman Sachs Group raised shares of Sonova to a “strong sell” rating in a report on Tuesday, October 22nd. Finally, UBS Group upgraded Sonova to a “hold” rating in a research note on Tuesday, August 13th.

Sonova Price Performance

SONVY stock traded up $0.24 during midday trading on Friday, reaching $68.84. The company had a trading volume of 10,309 shares, compared to its average volume of 16,818. Sonova has a 1-year low of $54.18 and a 1-year high of $77.56. The stock has a 50 day moving average price of $72.24 and a 200-day moving average price of $67.11. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 0.63.

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.