Short Interest in Cochlear Limited (OTCMKTS:CHEOY) Decreases By 91.0%

Cochlear Limited (OTCMKTS:CHEOY) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,100 shares, a decrease of 91.0% from the October 15th total of 12,200 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is presently 0.1 days.

Cochlear Price Performance

Cochlear stock traded down $0.76 during midday trading on Thursday, reaching $96.55. 16,253 shares of the stock traded hands, compared to its average volume of 4,407. The stock’s fifty day moving average is $96.89 and its 200-day moving average is $103.94. Cochlear has a 12 month low of $82.37 and a 12 month high of $115.85.

Cochlear Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, September 18th were given a dividend of $0.1424 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from Cochlear’s previous dividend of $0.03.

Analyst Ratings Changes

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

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.