Short Interest in Clariant AG (OTCMKTS:CLZNY) Rises By 74.7%

Clariant AG (OTCMKTS:CLZNY) saw a significant increase in short interest in 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 currently 6.7 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Clariant from a “buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Three 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, Clariant presently has a consensus rating of “Reduce”.

Clariant Stock Performance

CLZNY opened at $9.51 on Monday. The stock has a fifty day simple moving average of $10.25 and a two-hundred day simple moving average of $9.65. Clariant has a 12-month low of $8.45 and a 12-month high of $12.82.

Clariant Company Profile

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.