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

Sonova Holding AG (OTCMKTS:SONVY) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,000 shares, a drop of 90.8% from the February 13th total of 21,700 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 27,400 shares, the days-to-cover ratio is currently 0.1 days.

Sonova Stock Performance

OTCMKTS SONVY traded down $0.42 during trading on Thursday, reaching $61.90. 30,835 shares of the stock traded hands, compared to its average volume of 16,441. The stock’s 50-day moving average price is $66.28 and its 200 day moving average price is $68.93. The company has a quick ratio of 0.82, a current ratio of 1.21 and a debt-to-equity ratio of 0.61. Sonova has a fifty-two week low of $54.18 and a fifty-two week high of $77.56.

Analyst Upgrades and Downgrades

SONVY has been the subject of several 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 Sonova to a “strong sell” rating in a research note on Thursday, November 21st.

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.