Short Interest in Cochlear Limited (OTCMKTS:CHEOF) Expands By 25.6%

Cochlear Limited (OTCMKTS:CHEOF) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 88,347 shares, a growth of 25.6% from the November 30th total of 70,324 shares. Based on an average daily volume of 53 shares, the short-interest ratio is currently 1,666.9 days. Based on an average daily volume of 53 shares, the short-interest ratio is currently 1,666.9 days.

Cochlear Trading Down 3.6%

Cochlear stock opened at $168.56 on Friday. The stock has a 50-day simple moving average of $179.42 and a 200 day simple moving average of $188.63. Cochlear has a 52 week low of $148.62 and a 52 week high of $207.85.

Cochlear Company Profile

Cochlear (OTCMKTS:CHEOF) is a global medical device company specializing in implantable hearing solutions. The company researches, develops, manufactures and markets cochlear implants, bone conduction hearing devices and acoustic implants designed to improve hearing outcomes for individuals with varying degrees of hearing loss. Cochlear’s product portfolio includes implant processors, electrode arrays and sound processor accessories, supported by proprietary digital signal processing technologies.

Founded in 1981 and headquartered in Sydney, Australia, Cochlear has grown into a multi-national organization with operations in North America, Europe, Asia Pacific and Latin America.