Sonova Holding AG (OTCMKTS:SONVY) Short Interest Up 225.4% in October

Sonova Holding AG (OTCMKTS:SONVY) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 19,200 shares, a growth of 225.4% from the September 30th total of 5,900 shares. Based on an average daily volume of 169,200 shares, the short-interest ratio is currently 0.1 days.

Sonova Trading Down 0.2 %

Shares of SONVY stock traded down $0.13 on Friday, hitting $71.94. The company had a trading volume of 8,477 shares, compared to its average volume of 44,629. Sonova has a twelve month low of $46.02 and a twelve month high of $75.04. The company has a 50-day moving average price of $71.34 and a 200-day moving average price of $64.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.45.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Sonova to a “strong sell” rating in a research report on Tuesday, October 22nd. UBS Group raised shares of Sonova to a “hold” rating in a report on Tuesday, August 13th.

Sonova Company Profile

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.