Cochlear Limited (OTCMKTS:CHEOY) Short Interest Down 91.0% in October

Posted by Steve Reilly on Nov 12th, 2024

Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,100 shares, a drop of 91.0% from the October 15th total of 12,200 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on Cochlear

Cochlear Price Performance

CHEOY stock traded down $1.98 during trading hours on Tuesday, reaching $97.31. 14,394 shares of the stock were exchanged, compared to its average volume of 4,353. The firm’s 50-day moving average is $97.04 and its 200-day moving average is $104.07. Cochlear has a 12 month low of $80.39 and a 12 month high of $115.85.

Cochlear Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, September 18th were issued a $0.1424 dividend. This is a boost from Cochlear’s previous dividend of $0.03. The ex-dividend date of this dividend was Wednesday, September 18th.

About Cochlear

(Get Free Report)

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.