Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Rises By 1,425.0%

Cochlear Limited (OTCMKTS:CHEOY - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 12,200 shares, an increase of 1,425.0% from the September 30th total of 800 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 1.0 days.

Cochlear Stock Up 0.9 %

CHEOY stock traded up $0.85 during trading on Friday, reaching $94.76. The company had a trading volume of 4,955 shares, compared to its average volume of 4,057. Cochlear has a twelve month low of $76.12 and a twelve month high of $115.85. The firm has a 50-day simple moving average of $98.64 and a 200-day simple moving average of $104.75.

Cochlear Increases Dividend

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

Analyst Ratings Changes

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

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.