Sonova Holding AG (OTCMKTS:SONVY) Sees Significant Drop in Short Interest

Sonova Holding AG (OTCMKTS:SONVY) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 1,500 shares, a decline of 83.5% from the November 15th total of 9,100 shares. Based on an average daily trading volume, of 36,900 shares, the days-to-cover ratio is presently 0.0 days.

Sonova Trading Down 0.6 %

OTCMKTS:SONVY traded down $0.43 on Wednesday, reaching $66.28. 44,441 shares of the company’s stock were exchanged, compared to its average volume of 41,484. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.45 and a quick ratio of 1.07. The stock has a fifty day simple moving average of $71.67 and a 200-day simple moving average of $67.37. Sonova has a 52 week low of $54.18 and a 52 week high of $77.56.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SONVY shares. Barclays cut Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group raised Sonova to a “strong sell” rating in a report on Tuesday, October 22nd. Citigroup raised Sonova to a “strong sell” rating in a research note on Thursday, November 21st. Finally, UBS Group upgraded Sonova to a “hold” rating in a report on Tuesday, August 13th.

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.