Cochlear Limited (OTCMKTS:CHEOY) Short Interest Up 100.0% in January

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 200 shares, a growth of 100.0% from the December 31st total of 100 shares. Based on an average trading volume of 35,500 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Cochlear in a research note on Thursday, January 16th. They issued a “neutral” rating on the stock.

Cochlear Stock Up 0.7 %

Shares of CHEOY stock traded up $0.74 during trading hours on Thursday, hitting $99.44. The company’s stock had a trading volume of 8,075 shares, compared to its average volume of 11,062. Cochlear has a 12-month low of $89.39 and a 12-month high of $115.85. The company has a 50 day moving average of $95.15 and a 200 day moving average of $99.09.

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.