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

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 300 shares, a decrease of 70.0% from the May 31st total of 1,000 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 0.1 days.

Cochlear Stock Performance

Shares of CHEOY traded up $0.82 during trading hours on Thursday, reaching $108.67. The company had a trading volume of 1,840 shares, compared to its average volume of 3,322. Cochlear has a 12-month low of $73.73 and a 12-month high of $114.50. The firm has a 50 day simple moving average of $107.03 and a 200-day simple moving average of $105.25.

Cochlear Company Profile

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.