Sonova Holding AG (OTCMKTS:SONVY) Short Interest Update

Sonova Holding AG (OTCMKTS:SONVY) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,000 shares, a drop of 90.8% from the February 13th total of 21,700 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,400 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of research firms have weighed in on SONVY. Citigroup upgraded Sonova to a “strong sell” rating in a research report on Thursday, November 21st. Barclays cut Sonova from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Sonova Stock Down 0.7 %

SONVY traded down $0.42 on Wednesday, reaching $61.90. 30,835 shares of the company traded hands, compared to its average volume of 16,441. The stock’s 50 day moving average price is $66.35 and its 200-day moving average price is $68.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 1.21. Sonova has a 52-week low of $54.18 and a 52-week high of $77.56.

About Sonova

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.