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

Clariant AG (OTCMKTS:CLZNY) saw a large 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 trading volume of 85 shares, the short-interest ratio is currently 1.1 days.

Clariant Price Performance

Shares of CLZNY remained flat at $13.20 during trading hours on Thursday. 315 shares of the stock traded hands, compared to its average volume of 740. The stock has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $11.01. Clariant has a 52 week low of $8.45 and a 52 week high of $13.96.

Analysts Set New Price Targets

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