Cochlear Limited (OTCMKTS:CHEOY) Short Interest Up 100.0% in December

Cochlear Limited (OTCMKTS:CHEOYGet Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of Cochlear in a report on Thursday. They set a “neutral” rating on the stock.

Read Our Latest Stock Report on Cochlear

Cochlear Stock Down 2.5 %

CHEOY traded down $2.43 during trading on Thursday, reaching $94.16. 10,328 shares of the stock were exchanged, compared to its average volume of 11,453. Cochlear has a 1 year low of $89.39 and a 1 year high of $115.85. The business’s 50 day moving average price is $94.86 and its two-hundred day moving average price is $99.80.

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.

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