CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Update

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 66,704 shares, a growth of 125.4% from the May 14th total of 29,592 shares. Based on an average trading volume of 210,612 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

CochLear Stock Performance

Shares of CHEOY stock opened at $36.64 on Monday. The stock’s fifty day moving average is $42.38 and its 200-day moving average is $66.91. CochLear has a 52 week low of $31.82 and a 52 week high of $105.60.

Wall Street Analyst Weigh In

Several analysts have recently commented on CHEOY shares. Zacks Research upgraded CochLear to a “hold” rating in a report on Friday, April 17th. UBS Group cut CochLear from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.