Sonova Holding AG (OTCMKTS:SONVY – Get Rating) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 21,600 shares, an increase of 21.3% from the October 15th total of 17,800 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is presently 0.4 days.
Sonova Price Performance
Shares of OTCMKTS:SONVY opened at $52.34 on Tuesday. The firm’s 50 day simple moving average is $46.69 and its 200-day simple moving average is $58.86. The company has a quick ratio of 0.83, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. Sonova has a one year low of $41.59 and a one year high of $85.05.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SONVY shares. Oddo Bhf downgraded shares of Sonova from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sonova from CHF 291 to CHF 260 and set a “hold” rating for the company in a research note on Tuesday, October 18th. Morgan Stanley assumed coverage on shares of Sonova in a research note on Tuesday, October 18th. They issued an “equal weight” rating for the company. Credit Suisse Group lowered shares of Sonova from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 18th. Finally, Barclays assumed coverage on shares of Sonova in a research report on Tuesday, September 13th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Sonova has an average rating of “Hold” and a consensus target price of $328.67.
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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