Short Interest in SONOVA HOLDING (OTCMKTS:SONVY) Rises By 59.1%

Key Points

• Short interest for Sonova Holding increased by 59.1% in August, reaching a total of 10,500 shares compared to 6,600 in July, indicating a significant rise in bearish sentiment.
• The company recently declared a dividend increase from $0.57 to $0.6243 per share, reflecting a strong yield of 99.0% for shareholders.
• Analysts have mixed ratings for Sonova shares, with one analyst giving a Strong Buy rating, while four analysts rated it as a Hold and four as a Sell, leading to a consensus rating of "Reduce."

SONOVA HOLDING (OTCMKTS:SONVY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totaling 10,500 shares, an increase of 59.1% from the July 31st total of 6,600 shares. Based on an average trading volume of 48,400 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 48,400 shares, the short-interest ratio is presently 0.2 days.

SONOVA Price Performance

SONVY traded up $0.67 on Thursday, hitting $60.54. 10,147 shares of the company were exchanged, compared to its average volume of 23,661. The firm has a fifty day simple moving average of $57.46 and a two-hundred day simple moving average of $59.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 0.96. SONOVA has a 12 month low of $52.83 and a 12 month high of $77.56.

SONOVA Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a dividend of $0.6243 per share. This represents a yield of 99.0%. The ex-dividend date was Monday, June 16th. This is a positive change from SONOVA's previous dividend of $0.57.

Analyst Ratings Changes

Several research firms have weighed in on SONVY. Barclays cut SONOVA from a "hold" rating to a "strong sell" rating in a report on Friday, June 20th. Sanford C. Bernstein upgraded SONOVA from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Kepler Capital Markets upgraded SONOVA from a "strong sell" rating to a "hold" rating in a research report on Friday, June 6th. Hsbc Global Res lowered SONOVA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Zacks Research upgraded SONOVA from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

About SONOVA

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.