Sonova Holding AG (OTCMKTS:SONVY) Sees Large Decrease in Short Interest

Sonova Holding AG (OTCMKTS:SONVY) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 2,800 shares, a decrease of 85.4% from the October 15th total of 19,200 shares. Based on an average daily trading volume, of 38,300 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several research firms have weighed in on SONVY. The Goldman Sachs Group upgraded shares of Sonova to a “strong sell” rating in a report on Tuesday, October 22nd. UBS Group raised Sonova to a “hold” rating in a report on Tuesday, August 13th.

Sonova Price Performance

Shares of OTCMKTS SONVY traded down $1.07 during trading hours on Wednesday, reaching $71.52. The stock had a trading volume of 34,166 shares, compared to its average volume of 42,985. The business’s fifty day moving average price is $72.56 and its two-hundred day moving average price is $66.28. Sonova has a 52-week low of $51.72 and a 52-week high of $77.56. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 0.63.

About Sonova

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.