Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Short Interest Down 63.1% in June

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,023 shares, a decline of 63.1% from the May 31st total of 2,772 shares. Based on an average daily trading volume, of 7,852 shares, the short-interest ratio is presently 0.1 days.

Carl Zeiss Meditec Price Performance

Carl Zeiss Meditec stock opened at $30.98 on Monday. The stock has a 50-day moving average price of $30.41 and a 200 day moving average price of $34.20. Carl Zeiss Meditec has a 52 week low of $26.65 and a 52 week high of $67.53.

Analyst Ratings Changes

Separately, Zacks Research downgraded Carl Zeiss Meditec from a “hold” rating to a “strong sell” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carl Zeiss Meditec 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.