Sonova Holding AG (OTCMKTS:SONVY) Sees Significant Increase in Short Interest

Sonova Holding AG (OTCMKTS:SONVY - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 19,200 shares, a growth of 225.4% from the September 30th total of 5,900 shares. Based on an average daily trading volume, of 169,200 shares, the short-interest ratio is currently 0.1 days.

Sonova Stock Performance

Shares of SONVY traded down $0.13 during mid-day trading on Friday, hitting $71.94. 8,477 shares of the company's stock were exchanged, compared to its average volume of 44,629. The company has a 50-day simple moving average of $71.34 and a 200 day simple moving average of $64.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.45 and a quick ratio of 1.07. Sonova has a 52 week low of $46.02 and a 52 week high of $75.04.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SONVY. The Goldman Sachs Group upgraded Sonova to a "strong sell" rating in a report on Tuesday. UBS Group raised shares of Sonova to a "hold" rating in a research note on Tuesday, August 13th.

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.

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