CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Down 63.6% in December

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 2,538 shares, a drop of 63.6% from the November 30th total of 6,974 shares. Based on an average daily volume of 33,732 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 33,732 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

CHEOY has been the subject of a number of analyst reports. Canaccord Genuity Group raised CochLear from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Citigroup cut CochLear to a “neutral” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, CochLear currently has a consensus rating of “Moderate Buy”.

CochLear Trading Up 0.5%

Shares of CHEOY opened at $88.01 on Friday. The business’s fifty day simple moving average is $90.51 and its two-hundred day simple moving average is $94.86. CochLear has a 12 month low of $74.76 and a 12 month high of $105.60.

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.