Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Sees Large Decline in Short Interest

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,023 shares, a drop of 63.1% from the May 31st total of 2,772 shares. Based on an average daily trading volume, of 7,852 shares, the days-to-cover ratio is currently 0.1 days.

Carl Zeiss Meditec Stock Down 1.9%

Shares of OTCMKTS:CZMWY opened at $30.38 on Tuesday. Carl Zeiss Meditec has a 12-month low of $26.65 and a 12-month high of $67.53. The business has a fifty day simple moving average of $30.36 and a 200 day simple moving average of $34.05.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Carl Zeiss Meditec from a “hold” rating to a “strong sell” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Carl Zeiss Meditec has an average rating of “Hold”.

About Carl Zeiss Meditec

Carl Zeiss Meditec AG is a global medical technology company headquartered in Jena, Germany. Founded in 2002 as a spin-off from the Carl Zeiss Group, the business leverages the parent company’s expertise in optics and precision engineering. Over the years, Carl Zeiss Meditec has grown through organic development and strategic acquisitions, becoming a recognized provider of innovative surgical and diagnostic solutions for eye care and microsurgery.

The company’s core offerings span two primary divisions: Ophthalmic Devices and Microsurgery.