Cochlear Limited (OTCMKTS:CHEOY) Short Interest Update

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 500 shares, a growth of 400.0% from the August 31st total of 100 shares. Based on an average trading volume of 26,800 shares, the short-interest ratio is currently 0.0 days.

Cochlear Stock Performance

Shares of OTCMKTS:CHEOY traded down $0.61 on Friday, reaching $97.40. 1,892 shares of the company were exchanged, compared to its average volume of 3,852. The company has a 50-day moving average of $103.45 and a 200-day moving average of $106.26. Cochlear has a 1-year low of $76.12 and a 1-year high of $115.85.

Cochlear Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.1424 per share. This is an increase from Cochlear’s previous dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 18th.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Cochlear to a “hold” rating in a research report on Friday, August 16th.

Cochlear Company Profile

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.