Cochlear Limited (OTCMKTS:CHEOF) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Cochlear Limited (OTCMKTS:CHEOF – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 53,300 shares, a drop of 30.5% from the March 15th total of 76,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 533.0 days.

Cochlear Stock Performance

Shares of CHEOF remained flat at $165.34 during mid-day trading on Friday. The firm’s 50-day moving average price is $166.61 and its 200-day moving average price is $181.16. Cochlear has a one year low of $148.62 and a one year high of $237.38.

About Cochlear

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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.

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