Sonova Holding (OTCMKTS:SONVY) Short Interest Update

Sonova Holding (OTCMKTS:SONVY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,908 shares, a drop of 57.5% from the August 15th total of 9,201 shares. Based on an average trading volume of 14,158 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Sonova Stock Performance

OTCMKTS SONVY opened at $56.23 on Tuesday. The firm has a 50 day moving average of $55.75 and a two-hundred day moving average of $50.78. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. Sonova has a 52 week low of $42.26 and a 52 week high of $61.04.

Analyst Ratings Changes

SONVY has been the subject of a number of research reports. Morgan Stanley raised Sonova from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 23rd. Citigroup reiterated a “sell” rating on shares of Sonova in a research note on Friday, July 24th. Finally, UBS Group raised shares of Sonova from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sonova has a consensus rating of “Hold”.

Sonova Company Profile

Sonova Holding AG is a Switzerland-based company focused on hearing care and hearing solutions. Through its businesses, the company develops, manufactures and distributes hearing aids, cochlear implants and other hearing-related technologies designed to help people with hearing loss communicate and participate more fully in daily life.

Sonova’s portfolio includes hearing instruments and accessories, wireless communication products, implantable hearing systems and audiological services.