Short Interest in Cochlear Limited (OTCMKTS:CHEOF) Rises By 18.3%

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

Cochlear Stock Performance

Shares of CHEOF stock remained flat at $205.57 during trading hours on Friday. The company’s 50-day moving average price is $187.22 and its two-hundred day moving average price is $197.09. Cochlear has a 12-month low of $163.89 and a 12-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.