CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Update

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 32,429 shares, a growth of 79.0% from the June 30th total of 18,115 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 93,408 shares, the short-interest ratio is currently 0.3 days.

CochLear Trading Down 2.9%

OTCMKTS CHEOY opened at $41.98 on Friday. CochLear has a 12 month low of $31.82 and a 12 month high of $104.65. The company’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $55.52.

Analyst Ratings Changes

Several research analysts recently commented on CHEOY shares. Jefferies Financial Group cut CochLear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. UBS Group lowered CochLear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Zacks Research upgraded CochLear from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Royal Bank Of Canada lowered CochLear from an “outperform” rating to a “sector perform” rating and set a $117.00 target price on the stock. in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $117.00.

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.