Demant A/S (OTCMKTS:WILYY) Sees Large Increase in Short Interest

Demant A/S (OTCMKTS:WILYYGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 600 shares, an increase of 100.0% from the April 30th total of 300 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

WILYY has been the subject of several analyst reports. Morgan Stanley raised shares of Demant A/S from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, March 28th. Danske raised shares of Demant A/S from a “hold” rating to a “buy” rating in a research report on Wednesday, February 8th. Sanford C. Bernstein began coverage on shares of Demant A/S in a research report on Friday, May 12th. They issued an “outperform” rating for the company. Finally, Handelsbanken lowered shares of Demant A/S from an “outperform” rating to a “market perform” rating in a research report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $210.75.

Demant A/S Price Performance

WILYY opened at $19.70 on Friday. Demant A/S has a 12-month low of $11.19 and a 12-month high of $22.27. The firm has a 50 day moving average of $19.38 and a two-hundred day moving average of $16.06.

Demant A/S Company Profile

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Demant A/S engages in the development, manufacture, and sale of products and equipment designed to aid the hearing and communication of individuals. It operates through the Hearing Healthcare and Communications segments. The Hearing Healthcare segment focuses on the following business areas: Hearing Aids, Hearing Care, and Diagnostics, which provide hearing Healthcare solutions involving manufacturing, servicing, and sale of hearing aids, diagnostics products, and services.

Further Reading

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