Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Declines By 66.7%

Cochlear Limited (OTCMKTS:CHEOY) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 66.7% from the August 15th total of 300 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Cochlear to a “hold” rating in a research report on Friday, August 16th.

Cochlear Trading Up 1.7 %

Shares of CHEOY traded up $1.64 during mid-day trading on Friday, reaching $97.77. 7,653 shares of the stock traded hands, compared to its average volume of 8,051. Cochlear has a 12-month low of $76.12 and a 12-month high of $115.85. The stock has a fifty day simple moving average of $106.50 and a 200 day simple moving average of $107.41.

Cochlear Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, September 18th will be issued a $0.1424 dividend. This is an increase from Cochlear’s previous dividend of $0.03. The ex-dividend date is Wednesday, September 18th.

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.