Clariant AG (OTCMKTS:CLZNY) Sees Large Decrease in Short Interest
by Kim Johansen · The Markets DailyClariant AG (OTCMKTS:CLZNY – Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,733 shares, a drop of 45.6% from the April 30th total of 3,184 shares. Based on an average daily trading volume, of 635 shares, the days-to-cover ratio is presently 2.7 days.
Clariant Price Performance
OTCMKTS:CLZNY opened at $9.76 on Monday. The firm’s 50 day moving average is $10.31 and its 200 day moving average is $9.73. Clariant has a 12 month low of $8.45 and a 12 month high of $12.82.
Wall Street Analyst Weigh In
CLZNY has been the subject of several research reports. The Goldman Sachs Group lowered shares of Clariant from a “buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Zacks Research lowered shares of Clariant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Clariant has a consensus rating of “Reduce”.
View Our Latest Stock Analysis on CLZNY
About Clariant
Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.
The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.