Clariant AG (OTCMKTS:CLZNY) Shares Shorted: Short Interest Up 933.3% in October

Clariant AG (OTCMKTS:CLZNY) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 93 shares, an increase of 933.3% from the October 15th total of 9 shares. Based on an average daily volume of 85 shares, the short-interest ratio is presently 1.1 days.

Clariant Price Performance

Shares of CLZNY stock remained flat at $13.06 during trading hours on Tuesday. 429 shares of the stock traded hands, compared to its average volume of 747. Clariant has a 52 week low of $8.45 and a 52 week high of $13.96. The company has a 50 day moving average of $12.75 and a 200 day moving average of $10.99.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Clariant from a “moderate sell” rating to a “hold” rating in a report on Thursday, August 6th. Barclays raised Clariant to an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley restated an “underweight” rating on shares of Clariant in a report on Tuesday, October 6th. The Goldman Sachs Group raised Clariant to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Berenberg Bank upgraded Clariant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Clariant currently has a consensus rating of “Moderate Buy”.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that develops, manufactures and markets chemical products used in a broad range of industrial and consumer applications. Its offerings include specialty ingredients, surfactants, emulsifiers, preservatives, performance additives, catalysts and adsorbents. The company serves customers in markets such as personal and home care, agriculture, pharmaceuticals, coatings, plastics, automotive, energy and industrial manufacturing. Clariant’s catalysts and adsorbents support chemical processing and purification, while its care chemicals and additives are used to improve the performance, stability or functionality of finished products.