Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Rises By 300.0%

Cochlear Limited (OTCMKTS:CHEOY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,600 shares, an increase of 300.0% from the July 15th total of 400 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 0.3 days.

Cochlear Price Performance

Shares of CHEOY stock traded up $2.98 during mid-day trading on Monday, reaching $115.36. The stock had a trading volume of 3,400 shares, compared to its average volume of 3,193. The stock’s 50-day moving average price is $109.71 and its two-hundred day moving average price is $107.87. Cochlear has a 52-week low of $75.13 and a 52-week high of $115.72.

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.