CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 66,704 shares, an increase of 125.4% from the May 14th total of 29,592 shares. Based on an average daily volume of 210,612 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.
CochLear Stock Performance
CochLear stock opened at $36.64 on Friday. The company’s fifty day simple moving average is $42.38 and its 200-day simple moving average is $67.05. CochLear has a 12 month low of $31.82 and a 12 month high of $105.60.
Wall Street Analysts Forecast Growth
CHEOY has been the topic of several research analyst reports. UBS Group cut shares of CochLear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research upgraded shares of CochLear to a “hold” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, CochLear presently has an average rating of “Moderate Buy”.
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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