Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 200 shares, an increase of 100.0% from the December 31st total of 100 shares. Based on an average trading volume of 35,500 shares, the short-interest ratio is presently 0.0 days.
Cochlear Price Performance
Cochlear stock traded down $0.99 during mid-day trading on Wednesday, reaching $98.86. 15,671 shares of the company’s stock were exchanged, compared to its average volume of 9,781. The company has a fifty day moving average of $95.05 and a 200-day moving average of $99.09. Cochlear has a twelve month low of $89.39 and a twelve month high of $115.85.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group initiated coverage on shares of Cochlear in a research note on Thursday, January 16th. They issued a “neutral” rating on the stock.
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.
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