CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Down 63.6% in December

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 2,538 shares, a decline of 63.6% from the November 30th total of 6,974 shares. Based on an average trading volume of 33,732 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 33,732 shares, the days-to-cover ratio is presently 0.1 days.

CochLear Stock Performance

Shares of CHEOY opened at $88.00 on Friday. CochLear has a 52 week low of $74.76 and a 52 week high of $105.60. The stock’s 50-day moving average price is $90.41 and its 200-day moving average price is $94.92.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHEOY. Canaccord Genuity Group upgraded CochLear from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Citigroup downgraded shares of CochLear to a “neutral” rating in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.