Sonova Holding AG (OTCMKTS:SONVY) Short Interest Down 54.1% in January

Sonova Holding AG (OTCMKTS:SONVY) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 5,600 shares, a drop of 54.1% from the January 15th total of 12,200 shares. Based on an average trading volume of 31,700 shares, the days-to-cover ratio is presently 0.2 days.

Sonova Price Performance

OTCMKTS SONVY traded down $0.50 during trading hours on Thursday, hitting $66.61. 6,483 shares of the company were exchanged, compared to its average volume of 16,987. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.21 and a quick ratio of 0.82. The company has a 50 day moving average of $66.89 and a two-hundred day moving average of $68.95. Sonova has a 52-week low of $54.18 and a 52-week high of $77.56.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group upgraded Sonova to a “strong sell” rating in a research report on Tuesday, October 22nd. Barclays lowered shares of Sonova from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Citigroup raised shares of Sonova to a “strong sell” rating in a research note on Thursday, November 21st.

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.