Demant A/S Unsponsored ADR (OTCMKTS:WILYY) Sees Significant Decrease in Short Interest

Demant A/S Unsponsored ADR (OTCMKTS:WILYY) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 19 shares, a decrease of 96.3% from the August 31st total of 512 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 342 shares, the days-to-cover ratio is presently 0.1 days.

Demant A/S Price Performance

Shares of OTCMKTS WILYY remained flat at $23.85 during midday trading on Thursday. 98 shares of the stock were exchanged, compared to its average volume of 365. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.65. The stock’s fifty day moving average price is $22.28 and its 200 day moving average price is $19.14. Demant A/S has a 52 week low of $13.45 and a 52 week high of $23.85.

Wall Street Analyst Weigh In

A number of research firms recently commented on WILYY. Sanford C. Bernstein cut Demant A/S from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Morgan Stanley raised shares of Demant A/S from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 23rd. UBS Group lowered shares of Demant A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research raised shares of Demant A/S to a “hold” rating in a report on Friday, June 26th. One 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Demant A/S

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. Its activities span hearing aids, audiological diagnostic equipment, hearing-related communications solutions and professional hearing care services.

The company’s hearing aid portfolio includes brands such as Oticon, Bernafon and Sonic, as well as Philips Hearing Solutions products developed through a licensing partnership.