CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) Short Interest Down 75.9% in June

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 16,077 shares, a drop of 75.9% from the May 31st total of 66,704 shares. Based on an average trading volume of 219,950 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

CochLear Stock Performance

Shares of CochLear stock opened at $40.87 on Friday. The stock’s 50-day simple moving average is $37.94 and its 200-day simple moving average is $63.48. CochLear has a 52 week low of $31.82 and a 52 week high of $105.60.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHEOY shares. Zacks Research raised shares of CochLear from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. UBS Group cut shares of CochLear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About CochLear

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.