Sonova Holding AG (OTCMKTS:SONVY) Short Interest Update

Sonova Holding AG (OTCMKTS:SONVY) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a decrease of 85.4% from the October 15th total of 19,200 shares. Based on an average daily volume of 38,300 shares, the short-interest ratio is currently 0.1 days.

Sonova Stock Performance

Shares of OTCMKTS SONVY traded down $1.07 during midday trading on Wednesday, reaching $71.52. 34,166 shares of the stock were exchanged, compared to its average volume of 42,985. The firm has a 50-day simple moving average of $72.56 and a two-hundred day simple moving average of $66.28. Sonova has a twelve month low of $51.72 and a twelve month high of $77.56. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.45 and a quick ratio of 1.07.

Wall Street Analysts Forecast Growth

SONVY has been the subject of a number of recent research reports. UBS Group raised shares of Sonova to a “hold” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group upgraded Sonova to a “strong sell” rating in a research note on Tuesday, October 22nd.

About Sonova

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.