Carl Zeiss Meditec AG (OTCMKTS:CZMWY – Get Free Report) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,541 shares, an increase of 1,626.6% from the February 26th total of 263 shares. Based on an average trading volume of 11,657 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 11,657 shares, the short-interest ratio is currently 0.4 days.
Carl Zeiss Meditec Stock Performance
Shares of Carl Zeiss Meditec stock traded up $0.30 during trading hours on Tuesday, reaching $27.70. The stock had a trading volume of 920 shares, compared to its average volume of 6,100. Carl Zeiss Meditec has a 1 year low of $26.65 and a 1 year high of $76.25. The firm has a 50 day simple moving average of $32.88 and a two-hundred day simple moving average of $44.11.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on CZMWY shares. Sanford C. Bernstein downgraded shares of Carl Zeiss Meditec to a “market perform” rating in a report on Monday, January 26th. The Goldman Sachs Group downgraded shares of Carl Zeiss Meditec from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carl Zeiss Meditec 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.
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