Short Interest in Cochlear Limited (OTCMKTS:CHEOF) Grows By 18.3%

Cochlear Limited (OTCMKTS:CHEOFGet Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 34,200 shares, an increase of 18.3% from the December 15th total of 28,900 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 342.0 days.

Cochlear Stock Performance

OTCMKTS CHEOF traded down $11.36 during trading hours on Friday, hitting $180.59. 250 shares of the company’s stock traded hands, compared to its average volume of 125. Cochlear has a 52 week low of $163.89 and a 52 week high of $237.38. The business’s fifty day moving average price is $185.90 and its two-hundred day moving average price is $198.93.

About Cochlear

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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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