Short Interest in SONOVA HLDG AG/ADR (OTCMKTS:SONVY) Expands By 32.4%
SONOVA HLDG AG/ADR (OTCMKTS:SONVY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,500 shares, an increase of 32.4% from the August 15th total of 3,400 shares. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is presently 0.2 days.
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of SONOVA HLDG AG/ADR to a “neutral” rating in a research report on Thursday, May 21st. Deutsche Bank reiterated a “hold” rating on shares of SONOVA HLDG AG/ADR in a research report on Wednesday, May 20th. Zacks Investment Research upgraded shares of SONOVA HLDG AG/ADR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. UBS Group reiterated a “neutral” rating on shares of SONOVA HLDG AG/ADR in a research report on Wednesday, September 2nd. Finally, Morgan Stanley upgraded shares of SONOVA HLDG AG/ADR from an “underweight” rating to an “equal weight” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. SONOVA HLDG AG/ADR currently has a consensus rating of “Hold”.
Shares of OTCMKTS SONVY opened at $48.35 on Wednesday. The firm has a market cap of $15.66 billion, a PE ratio of 32.45 and a beta of 0.76. SONOVA HLDG AG/ADR has a 12-month low of $29.41 and a 12-month high of $52.08. The company’s fifty day simple moving average is $46.35 and its 200 day simple moving average is $41.77. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.39.
Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It offers hearing instruments, cochlear implants, wireless communication products, and rechargeable hearing aids, as well as professional audiological care services. The company provides hearing instruments under the Phonak, Unitron, and Hansaton brand names; cochlear implants under the Advanced Bionics brand; and professional hearing care services under the AudioNova, Audium, AuditionSanté, Boots Hearingcare, Connect Hearing, Fiebing, Geers, Hansaton, Lapperre, Lindacher, Schoonenberg, Triton, and Vitakustik brands.
Read More: What is the Nikkei 225 index?
Receive News & Ratings for SONOVA HLDG AG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SONOVA HLDG AG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.