Sonova Holding AG (OTCMKTS:SONVY) Short Interest Up 181.5% in September

Sonova Holding AG (OTCMKTS:SONVY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 7,600 shares, an increase of 181.5% from the August 31st total of 2,700 shares. Based on an average daily volume of 244,300 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Sonova to a “hold” rating in a research note on Tuesday, August 13th.

Sonova Price Performance

OTCMKTS:SONVY traded up $0.28 during mid-day trading on Wednesday, hitting $69.78. The stock had a trading volume of 224,026 shares, compared to its average volume of 38,568. The company has a 50 day simple moving average of $66.53 and a 200-day simple moving average of $62.47. Sonova has a 52 week low of $45.54 and a 52 week high of $72.22. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63.

Sonova Company Profile

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.