Short Interest in SONOVA HOLDING (OTCMKTS:SONVY) Drops By 92.1%

SONOVA HOLDING (OTCMKTS:SONVY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,700 shares, a drop of 92.1% from the September 15th total of 34,300 shares. Based on an average daily volume of 144,700 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 144,700 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SONVY. Sanford C. Bernstein upgraded SONOVA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 18th. Barclays cut SONOVA from a “hold” rating to a “strong sell” rating in a research note on Friday, June 20th. Rothschild Redb upgraded SONOVA from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Zacks Research upgraded SONOVA from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

SONOVA Stock Performance

Shares of OTCMKTS:SONVY opened at $54.99 on Friday. The stock has a fifty day simple moving average of $57.05 and a two-hundred day simple moving average of $58.81. SONOVA has a 12-month low of $52.83 and a 12-month high of $77.56. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45.

About SONOVA

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.