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

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,023 shares, a decrease of 63.1% from the May 31st total of 2,772 shares. Based on an average trading volume of 7,852 shares, the short-interest ratio is currently 0.1 days.

Carl Zeiss Meditec Price Performance

CZMWY stock opened at $30.98 on Friday. The stock’s fifty day simple moving average is $30.41 and its two-hundred day simple moving average is $34.30. Carl Zeiss Meditec has a 1-year low of $26.65 and a 1-year high of $67.53.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Carl Zeiss Meditec from a “hold” rating to a “strong sell” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Carl Zeiss Meditec currently has an average 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.