Short Interest in Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Declines By 37.8%

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,350 shares, a drop of 37.8% from the January 29th total of 6,992 shares. Based on an average daily volume of 14,397 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 14,397 shares, the short-interest ratio is presently 0.3 days.

Carl Zeiss Meditec Stock Down 1.0%

Shares of OTCMKTS CZMWY opened at $31.92 on Monday. The business has a fifty day moving average price of $39.11 and a two-hundred day moving average price of $46.59. Carl Zeiss Meditec has a fifty-two week low of $29.92 and a fifty-two week high of $76.28.

Analysts Set New Price Targets

CZMWY has been the topic of several recent research reports. The Goldman Sachs Group cut Carl Zeiss Meditec from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 20th. Sanford C. Bernstein downgraded shares of Carl Zeiss Meditec to a “market perform” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Carl Zeiss Meditec Company Profile

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.