Demant A/S Unsponsored ADR (OTCMKTS:WILYY) Shares Shorted: Short Interest Up 209.5% in October

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 65 shares, an increase of 209.5% from the September 30th total of 21 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 353 shares, the days-to-cover ratio is presently 0.2 days.

Demant A/S Trading Up 2.4%

WILYY opened at $27.25 on Friday. Demant A/S has a 12 month low of $13.45 and a 12 month high of $28.10. The stock has a 50-day moving average of $24.31 and a 200 day moving average of $19.26.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WILYY shares. Zacks Research cut Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. UBS Group lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Sanford C. Bernstein lowered Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Demant A/S Company Profile

Demant A/S is a Denmark-based hearing healthcare company that develops, manufactures and distributes products and services designed to help people with hearing loss and related communication needs. Its business includes hearing aids, hearing implants, audiological diagnostic equipment, and software and technology used by hearing care professionals.

The company’s principal hearing aid brands include Oticon and Bernafon, while its portfolio also includes Philips Hearing Solutions products developed through its partnership with Koninklijke Philips.