Cochlear Limited (OTCMKTS:CHEOF) Sees Significant Drop in Short Interest

Cochlear Limited (OTCMKTS:CHEOF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 28,900 shares, a decrease of 15.2% from the November 30th total of 34,100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 289.0 days.

Cochlear Stock Down 4.3 %

Cochlear stock traded down $8.16 during mid-day trading on Friday, reaching $182.05. 17 shares of the company were exchanged, compared to its average volume of 170. The firm’s 50-day simple moving average is $187.12 and its two-hundred day simple moving average is $201.76. Cochlear has a twelve month low of $163.89 and a twelve 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.