Clariant AG (OTCMKTS:CLZNY) Short Interest Update

Clariant AG (OTCMKTS:CLZNY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,733 shares, a decline of 45.6% from the April 30th total of 3,184 shares. Based on an average trading volume of 635 shares, the days-to-cover ratio is presently 2.7 days.

Clariant Price Performance

CLZNY opened at $9.76 on Wednesday. The firm has a 50 day moving average price of $10.32 and a 200-day moving average price of $9.74. Clariant has a twelve month low of $8.45 and a twelve month high of $12.82.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CLZNY. Zacks Research lowered shares of Clariant from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group lowered shares of Clariant from a “buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

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.