Clariant AG (OTCMKTS:CLZNY) Sees Significant Increase in Short Interest

Clariant AG (OTCMKTS:CLZNY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, a growth of ? from the May 31st total of 0 shares. Based on an average daily volume of 351 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CLZNY shares. Zacks Research cut shares of Clariant from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group upgraded shares of Clariant from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Clariant Price Performance

OTCMKTS CLZNY remained flat at $9.86 during trading on Thursday. The company’s stock had a trading volume of 41 shares, compared to its average volume of 931. The business’s 50 day moving average is $10.09 and its 200 day moving average is $9.89. Clariant has a 52 week low of $8.45 and a 52 week high of $12.16.

Clariant Company Profile

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.