Short Interest in CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Increases By 125.4%

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 66,704 shares, an increase of 125.4% from the May 14th total of 29,592 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 210,612 shares, the days-to-cover ratio is currently 0.3 days.

CochLear Price Performance

CochLear stock opened at $36.64 on Friday. The company’s fifty day moving average price is $42.38 and its 200 day moving average price is $67.05. CochLear has a 1 year low of $31.82 and a 1 year high of $105.60.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CHEOY shares. Zacks Research raised shares of CochLear to a “hold” rating in a research note on Friday, April 17th. UBS Group cut shares of CochLear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, CochLear presently has a consensus rating of “Moderate Buy”.

CochLear Company Profile

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.