Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Grows By 60.0%

Cochlear Limited (OTCMKTS:CHEOY - Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 800 shares, a growth of 60.0% from the September 15th total of 500 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Cochlear to a "hold" rating in a report on Friday, August 16th.

Cochlear Stock Up 2.9 %

OTCMKTS:CHEOY traded up $2.80 during mid-day trading on Friday, hitting $100.64. The stock had a trading volume of 10,608 shares, compared to its average volume of 3,916. Cochlear has a twelve month low of $76.12 and a twelve month high of $115.85. The stock has a 50-day simple moving average of $101.10 and a two-hundred day simple moving average of $105.55.

Cochlear Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, September 18th will be issued a $0.1424 dividend. This is a positive change from Cochlear's previous dividend of $0.03. The ex-dividend date of this dividend is Wednesday, September 18th.

Cochlear Company Profile

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.