Cochlear Limited (OTCMKTS:CHEOY) Sees Significant Decrease in Short Interest

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large decline in short interest in 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 days-to-cover ratio is currently 0.1 days.

Cochlear Trading Down 0.8 %

CHEOY stock traded down $0.76 during trading on Wednesday, hitting $96.55. 16,253 shares of the stock traded hands, compared to its average volume of 4,407. Cochlear has a one year low of $82.37 and a one year high of $115.85. The company has a 50 day simple moving average of $96.96 and a 200 day simple moving average of $103.99.

Cochlear Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, September 18th were issued a $0.1424 dividend. This is an increase from Cochlear’s previous dividend of $0.03. The ex-dividend date was Wednesday, September 18th.

Analyst Ratings Changes

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

Cochlear Company Profile

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.