Demant A/S Unsponsored ADR (OTCMKTS:WILYY) Stock Short Interest Rises 209.5%

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 65 shares, an increase of 209.5% from the September 30th total of 21 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 353 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research downgraded shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Sanford C. Bernstein cut shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, UBS Group downgraded shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Demant A/S Stock Performance

Shares of OTCMKTS:WILYY opened at $27.25 on Friday. Demant A/S has a 12-month low of $13.45 and a 12-month high of $28.10. The business has a 50 day moving average of $24.39 and a 200-day moving average of $19.31.

Demant A/S Company Profile

Demant A/S is a Denmark-based hearing healthcare company that develops, manufactures and distributes products and services designed to help people with hearing loss and related communication needs. Its business includes hearing aids, hearing implants, audiological diagnostic equipment, and software and technology used by hearing care professionals.

The company’s principal hearing aid brands include Oticon and Bernafon, while its portfolio also includes Philips Hearing Solutions products developed through its partnership with Koninklijke Philips.