Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 1,200 shares, a drop of 65.7% from the November 15th total of 3,500 shares. Based on an average daily volume of 23,500 shares, the short-interest ratio is currently 0.1 days.
Cochlear Stock Performance
CHEOY stock traded down $2.06 during mid-day trading on Friday, reaching $91.87. The company had a trading volume of 7,917 shares, compared to its average volume of 9,509. The stock’s 50-day simple moving average is $96.81 and its two-hundred day simple moving average is $102.49. Cochlear has a one year low of $91.35 and a one year high of $115.85.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada upgraded shares of Cochlear to a “hold” rating in a research note 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.
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