Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 200 shares, an increase of 100.0% from the December 15th 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 Down 2.5 %
CHEOY traded down $2.43 during midday trading on Thursday, hitting $94.16. The company’s stock had a trading volume of 10,328 shares, compared to its average volume of 11,453. Cochlear has a 52-week low of $89.39 and a 52-week high of $115.85. The firm has a 50-day moving average price of $94.86 and a two-hundred day moving average price of $99.80.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group started coverage on shares of Cochlear in a report on Thursday. They set 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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