Cochlear Limited (OTCMKTS:CHEOY) Short Interest Update

Cochlear Limited (OTCMKTS:CHEOY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,100 shares, an increase of 4,000.0% from the March 15th total of 100 shares. Based on an average trading volume of 33,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on shares of Cochlear in a research report on Thursday, January 16th. They set a “neutral” rating on the stock.

Cochlear Trading Up 4.6 %

Shares of CHEOY stock opened at $82.36 on Tuesday. Cochlear has a 1 year low of $74.76 and a 1 year high of $115.85. The stock has a 50 day simple moving average of $84.57 and a 200 day simple moving average of $92.02.

Cochlear Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, March 21st will be given a dividend of $0.6165 per share. This is an increase from Cochlear’s previous dividend of $0.14. The ex-dividend date is Friday, March 21st.

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.