Cochlear Limited (OTCMKTS:CHEOF) Sees Significant Increase in Short Interest

Cochlear Limited (OTCMKTS:CHEOF) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 34,200 shares, a growth of 18.3% from the December 15th total of 28,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 342.0 days.

Cochlear Price Performance

OTCMKTS CHEOF opened at $180.59 on Friday. The stock has a 50-day simple moving average of $185.90 and a 200 day simple moving average of $198.93. Cochlear has a twelve month low of $163.89 and a twelve month high of $237.38.

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.