Cochlear Limited (OTCMKTS:CHEOY) Short Interest Down 91.0% in October

Cochlear Limited (OTCMKTS:CHEOY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,100 shares, a decrease of 91.0% from the October 15th total of 12,200 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Cochlear Stock Down 2.0 %

Shares of OTCMKTS:CHEOY traded down $1.98 during trading on Tuesday, hitting $97.31. 14,394 shares of the company were exchanged, compared to its average volume of 4,353. Cochlear has a 1-year low of $80.39 and a 1-year high of $115.85. The business’s 50 day moving average is $97.04 and its 200-day moving average is $104.07.

Cochlear Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, September 18th were issued a $0.1424 dividend. This is an increase from Cochlear’s previous dividend of $0.03. The ex-dividend date of this dividend was Wednesday, September 18th.

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.