Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Expands By 4,000.0%

Posted by John Perry on Apr 14th, 2025

Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,100 shares, an increase of 4,000.0% from the March 15th total of 100 shares. Based on an average daily volume of 33,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on shares of Cochlear in a research note on Thursday, January 16th. They set a “neutral” rating for the company.

Check Out Our Latest Stock Analysis on Cochlear

Cochlear Price Performance

CHEOY stock traded up $0.55 during mid-day trading on Monday, reaching $78.73. The company had a trading volume of 26,251 shares, compared to its average volume of 18,098. The firm has a 50 day moving average of $84.90 and a 200 day moving average of $92.12. Cochlear has a 12 month low of $74.76 and a 12 month high of $115.85.

Cochlear Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.6165 per share. This is an increase from Cochlear’s previous dividend of $0.14. The ex-dividend date is Friday, March 21st.

About Cochlear

(Get Free Report)

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.