Clariant AG (OTCMKTS:CLZNY) Sees Significant Increase in Short Interest

Clariant AG (OTCMKTS:CLZNY) was the recipient of a large increase in short interest in the month of 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 short-interest ratio is presently 6.7 days.

Clariant Stock Up 2.6%

OTCMKTS:CLZNY opened at $9.76 on Tuesday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $12.82. The stock’s 50-day moving average is $10.25 and its two-hundred day moving average is $9.66.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Clariant from a “buy” rating to a “sell” rating in a report on Tuesday, February 10th. Three investment 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.com, the company currently has an average rating of “Reduce”.

About Clariant

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.