Clariant AG (OTCMKTS:CLZNY) Sees Large Decrease in Short Interest

Clariant AG (OTCMKTS:CLZNY) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,733 shares, a decline of 45.6% from the April 30th total of 3,184 shares. Based on an average trading volume of 635 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLZNY. Zacks Research cut shares of Clariant from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. The Goldman Sachs Group cut shares of Clariant from a “buy” rating to a “sell” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Clariant Price Performance

Clariant stock opened at $9.76 on Monday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $12.82. The firm’s fifty day moving average price is $10.31 and its 200-day moving average price is $9.73.

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.