Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Grows By 218.2%

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large growth in short interest in the month of 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 short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Cochlear Stock Performance

Cochlear stock traded up $1.06 during mid-day trading on Wednesday, hitting $99.44. The company’s stock had a trading volume of 7,180 shares, compared to its average volume of 12,187. Cochlear has a one year low of $85.33 and a one year high of $115.85. The company has a 50 day moving average of $96.91 and a 200-day moving average of $103.33.

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.