Short Interest in SONOVA HLDG AG/ADR (OTCMKTS:SONVY) Expands By 32.4%
SONOVA HLDG AG/ADR (OTCMKTS:SONVY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 4,500 shares, a growth of 32.4% from the August 15th total of 3,400 shares. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is currently 0.2 days.
SONVY has been the subject of several analyst reports. UBS Group reissued a “neutral” rating on shares of SONOVA HLDG AG/ADR in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. raised shares of SONOVA HLDG AG/ADR to a “neutral” rating in a research report on Thursday, May 21st. Deutsche Bank reaffirmed a “hold” rating on shares of SONOVA HLDG AG/ADR in a report on Wednesday, May 20th. Zacks Investment Research raised shares of SONOVA HLDG AG/ADR from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley upgraded shares of SONOVA HLDG AG/ADR from an “underweight” rating to an “equal weight” rating in a research report on Monday, July 27th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company has an average rating of “Hold”.
Shares of OTCMKTS:SONVY opened at $48.35 on Wednesday. SONOVA HLDG AG/ADR has a 12-month low of $29.41 and a 12-month high of $52.08. The stock has a market cap of $15.66 billion, a PE ratio of 32.45 and a beta of 0.76. The business has a 50 day moving average of $46.35 and a 200-day moving average of $41.77. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.39.
Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It offers hearing instruments, cochlear implants, wireless communication products, and rechargeable hearing aids, as well as professional audiological care services. The company provides hearing instruments under the Phonak, Unitron, and Hansaton brand names; cochlear implants under the Advanced Bionics brand; and professional hearing care services under the AudioNova, Audium, AuditionSanté, Boots Hearingcare, Connect Hearing, Fiebing, Geers, Hansaton, Lapperre, Lindacher, Schoonenberg, Triton, and Vitakustik brands.
Further Reading: How does a reverse stock split work?
Receive News & Ratings for SONOVA HLDG AG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SONOVA HLDG AG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.