Cochlear Limited (OTCMKTS:CHEOY – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 27,700 shares, a growth of 403.6% from the August 15th total of 5,500 shares. Based on an average daily volume of 20,300 shares, the short-interest ratio is presently 1.4 days.
Analyst Ratings Changes
Separately, Morgan Stanley cut shares of Cochlear from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, September 5th.
Cochlear Trading Up 0.3 %
Cochlear Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.516 per share. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Cochlear’s previous dividend of $0.04. Cochlear’s payout ratio is 125.46%.
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.
- Five stocks we like better than Cochlear
- Earnings Per Share Calculator: How to Calculate EPS
- Institutions and Insiders Are Gobbling Up Shares of HASI
- How to Use the MarketBeat Stock Split Calculator
- Investors Betting On Triple-Digit Sales Growth At Las Vegas Sands
- Breakout Stocks: What They Are and How to Identify Them
- 3 Reasons Why AMD Might Breakout Higher
Receive News & Ratings for Cochlear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cochlear and related companies with MarketBeat.com's FREE daily email newsletter.