Sonova Holding AG (OTCMKTS:SONVY) Sees Large Decrease in Short Interest

Sonova Holding AG (OTCMKTS:SONVY - Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 5,900 shares, a drop of 22.4% from the September 15th total of 7,600 shares. Based on an average daily trading volume, of 202,000 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Sonova to a "hold" rating in a research note on Tuesday, August 13th.

Sonova Trading Up 1.0 %

Sonova stock traded up $0.72 on Friday, hitting $73.98. 132,354 shares of the stock traded hands, compared to its average volume of 177,204. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.45. The business's fifty day simple moving average is $69.61 and its 200 day simple moving average is $63.45. Sonova has a 1 year low of $46.02 and a 1 year high of $74.67.

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.