Demant A/S Unsponsored ADR (OTCMKTS:WILYY – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,028 shares, an increase of 2,231.0% from the May 14th total of 87 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 752 shares, the short-interest ratio is currently 2.7 days.
Demant A/S Stock Up 1.8%
Shares of OTCMKTS:WILYY traded up $0.35 during midday trading on Tuesday, hitting $20.05. The company’s stock had a trading volume of 318 shares, compared to its average volume of 495. The stock’s 50 day simple moving average is $17.06 and its 200 day simple moving average is $16.10. Demant A/S has a fifty-two week low of $13.45 and a fifty-two week high of $21.93. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.65.
Analysts Set New Price Targets
Separately, Jefferies Financial Group raised Demant A/S from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Demant A/S currently has a consensus rating of “Buy”.
Demant A/S Company Profile
Demant A/S is a Denmark-based global hearing health care company specializing in the development, manufacture and distribution of hearing solutions and audiological diagnostic instruments. The company’s flagship brands include Oticon, Bernafon and Sonic, which offer a range of hearing aids designed to address various levels of hearing loss. In addition to personal hearing devices, Demant provides diagnostic equipment such as audiometers and tympanometers, supporting hearing care professionals in accurate assessment and fitting of hearing solutions.
Beyond hearing aids and diagnostics, Demant’s product portfolio extends to hearing implants—cochlear and bone-anchored systems—through its Oticon Medical division.
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