Cochlear Limited (OTCMKTS:CHEOY) Sees Large Increase in Short Interest

Cochlear Limited (OTCMKTS:CHEOY) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 4,100 shares, a growth of 24.2% from the January 31st total of 3,300 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.2 days.

Cochlear Trading Up 4.9 %

Shares of Cochlear stock opened at $84.21 on Thursday. The stock has a fifty day simple moving average of $92.38 and a 200 day simple moving average of $95.54. Cochlear has a 12-month low of $77.93 and a 12-month high of $115.85.

Cochlear Increases Dividend

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on Cochlear in a research report on Thursday, January 16th. They set a “neutral” rating on the stock.

Cochlear Company Profile

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.