Cochlear Limited (OTCMKTS:CHEOY) Short Interest Update

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 500 shares, a growth of 400.0% from the August 31st total of 100 shares. Based on an average trading volume of 26,800 shares, the days-to-cover ratio is presently 0.0 days.

Cochlear Stock Performance

Shares of OTCMKTS CHEOY traded down $0.14 during mid-day trading on Wednesday, reaching $95.86. 3,862 shares of the company were exchanged, compared to its average volume of 8,712. Cochlear has a 52 week low of $76.12 and a 52 week high of $115.85. The company’s 50 day moving average price is $104.30 and its 200 day moving average price is $106.50.

Cochlear Increases Dividend

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

Wall Street Analyst Weigh In

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

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.