Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Short Interest Update

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,772 shares, a drop of 67.1% from the May 14th total of 8,438 shares. Based on an average daily trading volume, of 7,331 shares, the days-to-cover ratio is currently 0.4 days.

Carl Zeiss Meditec Stock Down 1.4%

Shares of CZMWY stock opened at $29.39 on Thursday. Carl Zeiss Meditec has a 52 week low of $26.65 and a 52 week high of $72.57. The firm’s 50-day simple moving average is $30.42 and its two-hundred day simple moving average is $36.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Carl Zeiss Meditec from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company 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.