Sonova Holding AG (OTCMKTS:SONVY) Short Interest Up 213.3% in December

by · The Cerbat Gem

Sonova Holding AG (OTCMKTS:SONVY – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,700 shares, an increase of 213.3% from the November 30th total of 1,500 shares. Based on an average daily trading volume, of 65,400 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SONVY. Citigroup upgraded Sonova to a “strong sell” rating in a report on Thursday, November 21st. The Goldman Sachs Group raised Sonova to a “strong sell” rating in a research note on Tuesday, October 22nd. Finally, Barclays lowered Sonova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Check Out Our Latest Report on SONVY

Sonova Stock Performance

Shares of OTCMKTS SONVY traded up $0.31 on Thursday, reaching $66.79. 10,766 shares of the company’s stock traded hands, compared to its average volume of 42,929. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.45 and a quick ratio of 1.07. The business’s 50 day simple moving average is $70.08 and its two-hundred day simple moving average is $67.51. Sonova has a 12 month low of $54.18 and a 12 month high of $77.56.

Sonova Company Profile

(Get Free Report)

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.

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