Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Short Interest Down 96.4% in July

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 37 shares, a decrease of 96.4% from the June 30th total of 1,033 shares. Based on an average daily trading volume, of 7,749 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Carl Zeiss Meditec from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carl Zeiss Meditec has an average rating of “Hold”.

Carl Zeiss Meditec Stock Up 1.1%

OTCMKTS:CZMWY opened at $31.40 on Friday. Carl Zeiss Meditec has a 52 week low of $26.65 and a 52 week high of $60.10. The stock has a 50 day moving average of $31.02 and a 200-day moving average of $32.20.

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.