Short Interest in CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Drops By 63.6%

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 2,538 shares, a drop of 63.6% from the November 30th total of 6,974 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 33,732 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 33,732 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Canaccord Genuity Group raised shares of CochLear from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Citigroup cut CochLear to a “neutral” rating in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, CochLear presently has an average rating of “Moderate Buy”.

CochLear Trading Down 0.0%

CochLear stock opened at $88.00 on Friday. CochLear has a twelve month low of $74.76 and a twelve month high of $105.60. The firm’s 50 day moving average price is $90.41 and its two-hundred day moving average price is $94.86.

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.