Clariant AG (OTCMKTS:CLZNY) Stock Short Interest Climbs 933.3%

Clariant AG (OTCMKTS:CLZNY) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 93 shares, an increase of 933.3% from the October 15th total of 9 shares. Based on an average daily trading volume, of 85 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

CLZNY has been the subject of a number of recent analyst reports. Barclays raised Clariant to an “overweight” rating in a report on Monday, August 3rd. Jefferies Financial Group upgraded Clariant from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 6th. Zacks Research raised Clariant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley reiterated an “underweight” rating on shares of Clariant in a research report on Tuesday, October 6th. Finally, The Goldman Sachs Group raised Clariant to a “strong-buy” rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Clariant Price Performance

Shares of CLZNY stock opened at $13.06 on Wednesday. The stock has a 50-day simple moving average of $12.75 and a 200 day simple moving average of $10.99. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $13.96.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that develops, manufactures and markets chemical products used in a broad range of industrial and consumer applications. Its offerings include specialty ingredients, surfactants, emulsifiers, preservatives, performance additives, catalysts and adsorbents. The company serves customers in markets such as personal and home care, agriculture, pharmaceuticals, coatings, plastics, automotive, energy and industrial manufacturing. Clariant’s catalysts and adsorbents support chemical processing and purification, while its care chemicals and additives are used to improve the performance, stability or functionality of finished products.