Short Interest in Envoy Medical, Inc. (NASDAQ:COCH) Expands By 657.6%

Envoy Medical, Inc. (NASDAQ:COCH) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 355,300 shares, a growth of 657.6% from the October 31st total of 46,900 shares. Based on an average daily volume of 231,200 shares, the short-interest ratio is currently 1.5 days. Approximately 4.6% of the shares of the stock are sold short.

Envoy Medical Price Performance

COCH stock opened at $2.29 on Thursday. The company’s fifty day moving average price is $2.62 and its 200-day moving average price is $2.61. Envoy Medical has a one year low of $1.08 and a one year high of $11.46.

Institutional Trading of Envoy Medical

An institutional investor recently bought a new position in Envoy Medical stock. Virtu Financial LLC bought a new position in Envoy Medical, Inc. (NASDAQ:COCH) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,045 shares of the company’s stock, valued at approximately $55,000. Virtu Financial LLC owned about 0.07% of Envoy Medical at the end of the most recent quarter. Institutional investors own 8.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Brookline Capital Management assumed coverage on shares of Envoy Medical in a report on Monday, October 14th. They issued a “buy” rating and a $9.00 target price for the company. Ascendiant Capital Markets upped their price objective on Envoy Medical from $8.50 to $8.75 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd.

About Envoy Medical

Envoy Medical, Inc, a hearing health company, provides medical technologies for the hearing loss spectrum. Its products include personal sound amplification devices; hearing aids; Esteem fully implanted active middle ear implants; auditory osseointegrated implants; and Acclaim cochlear implants. The company was formerly known as Envoy Medical Corporation and changed its name to Envoy Medical, Inc in September 2023.