Sonova Holding (OTCMKTS:SONVY) Stock Short Interest Rises 255.2%

Sonova Holding (OTCMKTS:SONVY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,880 shares, a growth of 255.2% from the August 31st total of 3,908 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,737 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

SONVY has been the topic of a number of research reports. Morgan Stanley raised shares of Sonova from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 23rd. Citigroup restated a “sell” rating on shares of Sonova in a research report on Friday, July 24th. Finally, UBS Group raised shares of Sonova from a “hold” rating to a “buy” rating in a 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Sonova Stock Performance

SONVY opened at $58.38 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.75 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. The business’s fifty day simple moving average is $56.97 and its 200 day simple moving average is $51.19.

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.