Sonova Holding AG (OTCMKTS:SONVY) Sees Large Growth in Short Interest

Sonova Holding AG (OTCMKTS:SONVYGet Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,200 shares, a growth of 70.8% from the March 31st total of 4,800 shares. Based on an average daily volume of 27,700 shares, the short-interest ratio is presently 0.3 days.

Sonova stock opened at $72.35 on Friday. The firm’s 50 day simple moving average is $76.97 and its 200-day simple moving average is $76.10. Sonova has a fifty-two week low of $54.60 and a fifty-two week high of $87.61.

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Sonova in a research note on Thursday, April 21st. They issued a “hold” rating on the stock. Exane BNP Paribas cut shares of Sonova from a “neutral” rating to an “underperform” rating in a research note on Friday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.00.

Sonova Company Profile (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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