Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 3,500 shares, a growth of 218.2% from the October 31st total of 1,100 shares. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is currently 0.1 days.
Cochlear Stock Up 0.6 %
Shares of CHEOY stock traded up $0.60 during midday trading on Thursday, reaching $100.04. 7,580 shares of the stock were exchanged, compared to its average volume of 4,796. The company’s 50 day moving average is $96.97 and its two-hundred day moving average is $103.31. Cochlear has a 1 year low of $86.45 and a 1 year high of $115.85.
Analysts Set New Price Targets
Separately, Royal Bank of Canada raised 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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