Clariant AG (OTCMKTS:CLZNY) Short Interest Update

Clariant AG (OTCMKTS:CLZNY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 3,184 shares, an increase of 74.7% from the April 15th total of 1,823 shares. Based on an average daily trading volume, of 473 shares, the days-to-cover ratio is currently 6.7 days.

Clariant Stock Performance

Clariant stock opened at $9.51 on Monday. The firm has a 50-day moving average of $10.25 and a 200-day moving average of $9.65. Clariant has a one year low of $8.45 and a one year high of $12.82.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Clariant from a “buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

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.