Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 700 shares, a decrease of 80.0% from the February 29th total of 3,500 shares. Based on an average daily trading volume, of 7,200 shares, the days-to-cover ratio is presently 0.1 days.
Cochlear Trading Down 0.3 %
OTCMKTS CHEOY traded down $0.36 during trading hours on Friday, hitting $110.16. 3,894 shares of the company were exchanged, compared to its average volume of 3,673. Cochlear has a 52 week low of $73.73 and a 52 week high of $114.50. The stock has a 50-day moving average price of $106.80 and a 200 day moving average price of $94.67.
Cochlear Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.0336 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, March 21st.
About Cochlear
Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.
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