Sonova Holding (OTCMKTS:SONVY) Stock Short Interest Falls 36.0%

Sonova Holding (OTCMKTS:SONVY) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8,879 shares, a decrease of 36.0% from the September 15th total of 13,880 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 27,207 shares, the days-to-cover ratio is presently 0.3 days.

Sonova Stock Up 2.6%

OTCMKTS SONVY opened at $66.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.75. The company’s 50-day moving average price is $59.25 and its 200-day moving average price is $52.74. Sonova has a 12 month low of $42.26 and a 12 month high of $66.33.

Analyst Ratings Changes

A number of research firms have commented on SONVY. The Goldman Sachs Group raised shares of Sonova from a “hold” rating to a “buy” rating in a research note on Thursday, October 8th. UBS Group upgraded Sonova from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “sell” rating on shares of Sonova in a research report on Friday, July 24th. Finally, Morgan Stanley upgraded shares of Sonova from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sonova presently has a consensus rating of “Moderate Buy”.

About Sonova

Sonova Holding AG is a Switzerland-based hearing-care company that develops, manufactures and distributes solutions for people with hearing loss. Its products and services include hearing aids, cochlear implants, wireless communication systems and related accessories, as well as professional hearing-care services.

The company’s portfolio includes well-known brands such as Phonak, Unitron and Advanced Bionics. Sonova also operates hearing-care retail businesses in several markets, serving customers through audiology clinics, specialist retailers and other distribution channels.

Founded in 1947 and headquartered in Stäfa, Switzerland, Sonova serves customers through operations and sales networks across Europe, North America, Asia-Pacific and other international markets.