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

Sonova Holding AG (OTCMKTS:SONVYGet Rating) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 3,800 shares, an increase of 192.3% from the June 30th total of 1,300 shares. Based on an average daily volume of 40,700 shares, the short-interest ratio is presently 0.1 days.

Sonova Stock Performance

SONVY opened at $71.81 on Friday. Sonova has a fifty-two week low of $57.49 and a fifty-two week high of $87.61. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $66.36 and its two-hundred day moving average price is $70.95.

Sonova Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 17th were issued a dividend of $0.546 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a dividend yield of 0.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Credit Suisse Group lowered their price target on Sonova from CHF 415 to CHF 380 in a report on Monday, May 23rd. Jefferies Financial Group began coverage on shares of Sonova in a research note on Thursday, April 21st. They issued a “hold” rating on the stock. Oddo Bhf downgraded shares of Sonova from an “outperform” rating to a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Sonova from CHF 399 to CHF 346 in a research note on Wednesday, May 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Sonova from CHF 435 to CHF 380 in a research note on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $368.67.

About Sonova

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Sonova Holding AG designs, develops, manufactures, and distributes hearing care solutions for adults and children. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The company offers wireless communication products; rechargeable hearing aids; wireless headsets, speech enhanced hearables, audiophile headphones, microphones, and wireless transmission systems; and audiological care services.

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