CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY – Get Free Report) was the recipient of a significant increase in short interest during the month of 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 days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.
CochLear Trading Down 0.2%
Shares of CHEOY stock opened at $36.64 on Friday. The stock has a 50 day moving average of $42.38 and a 200 day moving average of $67.05. CochLear has a twelve month low of $31.82 and a twelve month high of $105.60.
Analysts Set New Price Targets
Several brokerages have recently issued reports on CHEOY. Zacks Research upgraded CochLear to a “hold” rating in a research note on Friday, April 17th. UBS Group cut CochLear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company 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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