Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 200 shares, a growth of 100.0% from the December 31st total of 100 shares. Based on an average trading volume of 35,500 shares, the short-interest ratio is presently 0.0 days.
Cochlear Stock Performance
OTCMKTS:CHEOY traded down $0.99 during mid-day trading on Wednesday, hitting $98.86. The company’s stock had a trading volume of 15,671 shares, compared to its average volume of 9,781. The stock has a fifty day moving average of $95.05 and a 200-day moving average of $99.09. Cochlear has a fifty-two week low of $89.39 and a fifty-two week high of $115.85.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group assumed coverage on Cochlear in a research report on Thursday, January 16th. They issued a “neutral” rating for the company.
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.
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