SONOVA HOLDING (OTCMKTS:SONVY) Sees Significant Growth in Short Interest

Key Points

• Short Interest Surge: SONOVA HOLDING saw a dramatic increase in short interest, rising by 303.8% to a total of 42,400 shares as of August 31st.
• Stock Performance: The share price of SONOVA is currently down 0.6%, trading at $60.16, with a 12-month range between $52.83 and $77.56.
• Dividend Increase: The company has raised its dividend to $0.6243 from the previous $0.57, reflecting a strong 99.0% yield.

SONOVA HOLDING (OTCMKTS:SONVY - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 42,400 shares, an increase of 303.8% from the August 15th total of 10,500 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 45,200 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 45,200 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company's stock are sold short.

SONOVA Price Performance

SONOVA stock traded down $0.28 during mid-day trading on Wednesday, reaching $59.73. The company's stock had a trading volume of 10,539 shares, compared to its average volume of 23,176. SONOVA has a 12-month low of $52.83 and a 12-month high of $77.56. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.45. The firm's fifty day moving average price is $57.52 and its two-hundred day moving average price is $59.64.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SONVY shares. HSBC lowered shares of SONOVA from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Hsbc Global Res lowered shares of SONOVA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Kepler Capital Markets upgraded shares of SONOVA from a "strong sell" rating to a "hold" rating in a research note on Friday, June 6th. Barclays lowered shares of SONOVA from a "hold" rating to a "strong sell" rating in a research note on Friday, June 20th. Finally, Sanford C. Bernstein upgraded shares of SONOVA from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

SONOVA Company Profile

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.