Cochlear Limited (OTCMKTS:CHEOY) Sees Large Growth in Short Interest

Cochlear Limited (OTCMKTS:CHEOY - Get Free Report) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 8,400 shares, an increase of 104.9% from the March 31st total of 4,100 shares. Based on an average daily volume of 58,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Cochlear in a research note on Thursday, January 16th. They set a "neutral" rating on the stock.

Cochlear Stock Up 2.8 %

OTCMKTS CHEOY traded up $2.46 on Friday, reaching $89.17. The company had a trading volume of 3,265 shares, compared to its average volume of 17,308. Cochlear has a 1 year low of $74.76 and a 1 year high of $115.85. The firm has a 50-day moving average of $83.22 and a 200-day moving average of $90.72.

Cochlear Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, March 21st were paid a $0.6165 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from Cochlear's previous dividend of $0.14.

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.