Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Decreases By 91.0%

Posted by Marion Hillson on Nov 13th, 2024

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

Analyst Ratings Changes

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

Read Our Latest Report on CHEOY

Cochlear Price Performance

Shares of Cochlear stock traded down $0.76 on Wednesday, reaching $96.55. The stock had a trading volume of 16,253 shares, compared to its average volume of 4,407. The business’s 50-day moving average price is $96.96 and its two-hundred day moving average price is $103.99. Cochlear has a fifty-two week low of $82.37 and a fifty-two week high of $115.85.

Cochlear Increases Dividend

The company also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.1424 per share. This is a boost from Cochlear’s previous dividend of $0.03. The ex-dividend date of this dividend was Wednesday, September 18th.

Cochlear Company Profile

(Get Free Report)

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.