Sonova Holding AG (OTCMKTS:SONVY) Short Interest Update

Sonova Holding AG (OTCMKTS:SONVYGet Rating) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,800 shares, a decline of 56.0% from the March 15th total of 10,900 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 0.2 days.

OTCMKTS SONVY traded down $0.56 during trading on Friday, hitting $80.59. 11,279 shares of the stock traded hands, compared to its average volume of 12,025. Sonova has a 12-month low of $54.60 and a 12-month high of $87.61. The firm has a 50-day simple moving average of $75.80 and a 200-day simple moving average of $76.03.

Separately, Exane BNP Paribas cut shares of Sonova from a “neutral” rating to an “underperform” rating in a research note on Friday, January 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sonova has an average rating of “Hold” and an average target price of $83.00.

About Sonova (Get Rating)

Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The company offers wireless communication products, rechargeable hearing aids, and professional audiological care services.

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