Cochlear Limited (OTCMKTS:CHEOF) Sees Large Drop in Short Interest

Cochlear Limited (OTCMKTS:CHEOF) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 60,522 shares, a decline of 22.9% from the March 15th total of 78,540 shares. Based on an average daily trading volume, of 1,442 shares, the short-interest ratio is currently 42.0 days.

Cochlear Stock Up 4.0%

Shares of OTCMKTS CHEOF opened at $129.23 on Thursday. The business has a 50-day moving average of $143.13 and a two-hundred day moving average of $167.78. Cochlear has a 1 year low of $114.98 and a 1 year high of $207.71.

About Cochlear

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.