Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Sees Large Decrease in Short Interest

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 2,772 shares, a drop of 67.1% from the May 14th total of 8,438 shares. Based on an average daily trading volume, of 7,331 shares, the days-to-cover ratio is presently 0.4 days.

Carl Zeiss Meditec Stock Down 0.6%

Shares of CZMWY traded down $0.17 during mid-day trading on Friday, reaching $28.97. 857 shares of the stock traded hands, compared to its average volume of 5,085. The firm has a fifty day moving average price of $30.43 and a 200 day moving average price of $35.85. Carl Zeiss Meditec has a 1 year low of $26.65 and a 1 year high of $72.57.

Analyst Upgrades and Downgrades

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

About Carl Zeiss Meditec

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.