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

Cochlear Limited (OTCMKTS:CHEOY) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 4,100 shares, a growth of 4,000.0% from the March 15th total of 100 shares. Based on an average daily volume of 33,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Cochlear in a report on Thursday, January 16th. They set a “neutral” rating for the company.

Cochlear Trading Up 4.6 %

CHEOY opened at $82.36 on Tuesday. Cochlear has a 52-week low of $74.76 and a 52-week high of $115.85. The business’s 50-day simple moving average is $84.57 and its 200 day simple moving average is $92.02.

Cochlear Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, March 21st will be given a $0.6165 dividend. This is a boost from Cochlear’s previous dividend of $0.14. The ex-dividend date of this dividend is Friday, March 21st.

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.