CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Up 533.3% in August

Key Points

• CochLear Ltd. Unsponsored ADR experienced a significant increase in short interest of 533.3% in August, rising from 300 shares to 1,900 shares.
• As of August 31st, the short-interest ratio for CochLear is 0.3 days based on an average trading volume of 6,100 shares.
• Analysts have given CochLear a consensus rating of "Moderate Buy", with recent upgrades from UBS Group to a "strong-buy" rating.

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,900 shares, a growth of 533.3% from the August 15th total of 300 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 0.3 days.

CochLear Stock Performance

Shares of CHEOY stock traded up $0.06 on Thursday, hitting $99.58. The stock had a trading volume of 3,130 shares, compared to its average volume of 10,888. The business has a 50 day moving average of $99.59 and a 200 day moving average of $90.83. CochLear has a 12-month low of $74.76 and a 12-month high of $105.60.

Analysts Set New Price Targets

CHEOY has been the topic of several research reports. UBS Group upgraded shares of CochLear from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Zacks Research upgraded shares of CochLear to a "hold" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

About CochLear

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.

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