Cochlear Limited (OTCMKTS:CHEOY - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,300 shares, a growth of 50.0% from the January 15th total of 2,200 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 0.2 days.
Cochlear Trading Down 12.1 %
Shares of CHEOY traded down $11.70 on Monday, reaching $84.64. The company's stock had a trading volume of 8,070 shares, compared to its average volume of 10,425. Cochlear has a twelve month low of $83.50 and a twelve month high of $115.85. The firm has a fifty day moving average of $94.33 and a 200-day moving average of $97.50.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group assumed coverage on shares of Cochlear in a report on Thursday, January 16th. They set a "neutral" rating on the stock.
View Our Latest Report on CHEOY
Cochlear Company Profile
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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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