Cochlear Limited (OTCMKTS:CHEOF) Sees Significant Decrease in Short Interest

Cochlear Limited (OTCMKTS:CHEOF) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 45,900 shares, a decrease of 24.4% from the October 31st total of 60,700 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 459.0 days.

Cochlear Stock Performance

Shares of CHEOF remained flat at $188.36 during mid-day trading on Friday. Cochlear has a 12-month low of $163.89 and a 12-month high of $237.38. The company’s 50-day simple moving average is $191.38 and its two-hundred day simple moving average is $206.22.

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.