Sonova Holding AG (OTCMKTS:SONVY – Get Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 3,300 shares, a decline of 72.3% from the April 30th total of 11,900 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 0.1 days.
Shares of SONVY traded down $0.85 on Thursday, reaching $67.00. 22,613 shares of the company’s stock were exchanged, compared to its average volume of 22,418. The business has a 50 day moving average price of $74.87 and a two-hundred day moving average price of $74.27. Sonova has a 12 month low of $61.96 and a 12 month high of $87.61.
A number of equities analysts have weighed in on SONVY shares. Jefferies Financial Group started coverage on shares of Sonova in a research note on Thursday, April 21st. They issued a “hold” rating for the company. JPMorgan Chase & Co. dropped their target price on shares of Sonova from CHF 399 to CHF 346 in a research note on Wednesday, May 18th. Credit Suisse Group dropped their target price on shares of Sonova from CHF 415 to CHF 380 in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sonova from CHF 435 to CHF 380 in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $297.25.
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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