Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,200 shares, a decline of 65.7% from the November 15th total of 3,500 shares. Based on an average daily trading volume, of 23,500 shares, the days-to-cover ratio is presently 0.1 days.
Cochlear Price Performance
Shares of OTCMKTS:CHEOY traded down $4.25 during midday trading on Wednesday, hitting $94.18. The company had a trading volume of 8,214 shares, compared to its average volume of 4,846. Cochlear has a twelve month low of $91.35 and a twelve month high of $115.85. The business’s 50-day simple moving average is $97.16 and its 200-day simple moving average is $102.62.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada raised shares of Cochlear to a “hold” rating in a 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.
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