( ) saw a significant drop in short interest for the month of march. On March 31, there were 2,300 short shares, which is a decrease of 82.2% compared to the total of 12,900 on March 15. The short-interest rate is 0.2 days based on an average daily volume of 12,500 shares.
Analyst Upgrades and downgrades
On Friday, the stock fell $2.77 to $82.96. The company's average trading volume is 4,342 shares, but 1,496 were traded. Cochlear's 52-week low is $57.62, and its 52-week high is $88.50. The company's 50-day moving average is $77.33, and its 200-day moving average is $71.45.
Cochlear Cuts Dividend
A dividend was also announced by the business, and will be paid out on May 1st. Dividends will be paid to shareholders who were registered on Sunday, 19th March. This dividend yield is 1.17%. This dividend will be paid on Saturday, 18th March. Cochlear has a current dividend payout ratio of 113.28%.
Cochlear Company Profile
Cochlear Ltd. is a provider of implantable hearing devices. The company operates in three segments: Americas Europe and Asia Pacific. The firm's products include bone conduction, cochlear and acoustic implant. Michael S. Hirshorn founded the company in 1981. Its headquarters are in Sydney, Australia.
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