Cochlear Limited (OTCMKTS:CHEOY) Short Interest Down 65.7% in November

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,200 shares, a decline of 65.7% from the November 15th total of 3,500 shares. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Cochlear to a “hold” rating in a report on Friday, August 16th.

Cochlear Stock Performance

Shares of CHEOY traded down $4.25 on Wednesday, reaching $94.18. The stock had a trading volume of 8,214 shares, compared to its average volume of 4,846. Cochlear has a twelve month low of $91.35 and a twelve month high of $115.85. The firm has a 50-day moving average of $97.16 and a 200 day moving average of $102.62.

About Cochlear

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.