CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Up 433.3% in October

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,000 shares, an increase of 433.3% from the September 30th total of 1,500 shares. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

CHEOY has been the topic of several recent analyst reports. Citigroup downgraded CochLear to a “neutral” rating in a research note on Thursday, September 18th. Zacks Research upgraded CochLear to a “hold” rating in a research note on Monday, August 11th. Finally, Canaccord Genuity Group upgraded CochLear from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, CochLear has a consensus rating of “Moderate Buy”.

CochLear Stock Up 2.9%

Shares of CochLear stock opened at $97.13 on Wednesday. CochLear has a one year low of $74.76 and a one year high of $105.60. The stock’s fifty day moving average is $95.87 and its 200 day moving average is $93.85.

CochLear Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, October 28th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.1045 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a yield of 122.0%.

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.