Cochlear Limited (OTCMKTS:CHEOY) Sees Large Increase in Short Interest

Cochlear Limited (OTCMKTS:CHEOY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,100 shares, an increase of 24.2% from the January 31st total of 3,300 shares. Based on an average daily volume of 18,200 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on Cochlear in a report on Thursday, January 16th. They set a “neutral” rating on the stock.

Cochlear Price Performance

Shares of CHEOY opened at $84.21 on Thursday. Cochlear has a 52-week low of $77.93 and a 52-week high of $115.85. The business’s 50 day moving average price is $92.38 and its two-hundred day moving average price is $95.54.

Cochlear Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, March 21st will be paid a $0.6165 dividend. The ex-dividend date is Friday, March 21st. This is a positive change from Cochlear’s previous dividend of $0.14.

About Cochlear

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.