Cochlear Limited (OTCMKTS:CHEOY - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 4,100 shares, an increase of 4,000.0% from the March 15th total of 100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 33,100 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group initiated coverage on Cochlear in a research report on Thursday, January 16th. They set a "neutral" rating for the company.
Read Our Latest Analysis on Cochlear
Cochlear Stock Performance
Cochlear stock traded up $0.85 during trading hours on Friday, reaching $83.15. 16,943 shares of the company's stock were exchanged, compared to its average volume of 18,079. The firm's 50 day simple moving average is $83.48 and its 200 day simple moving average is $91.68. Cochlear has a twelve month low of $74.76 and a twelve month high of $115.85.
Cochlear Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.6165 per share. The ex-dividend date is Friday, March 21st. This is a positive change from Cochlear's previous dividend of $0.14.
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.
Further Reading
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