Short Interest in Clariant AG (OTCMKTS:CLZNY) Grows By 66.7%

Clariant AG (OTCMKTS:CLZNY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a growth of 66.7% from the February 28th total of 300 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 0.4 days.

Clariant Price Performance

Shares of CLZNY remained flat at $13.36 during mid-day trading on Friday. 14 shares of the stock traded hands, compared to its average volume of 1,756. Clariant has a one year low of $10.71 and a one year high of $17.47. The stock has a 50 day moving average of $12.29 and a 200-day moving average of $12.97.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CLZNY shares. Citigroup reiterated a “buy” rating on shares of Clariant in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Clariant in a report on Wednesday, March 5th. Finally, Berenberg Bank lowered Clariant from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd.

About Clariant

Clariant AG engages in the development, manufacture, distribution, and sale of specialty chemicals worldwide. The Care Chemicals segment offers specialty chemicals and application solutions for various applications in automotive fluids, aviation, construction chemicals, crop solutions, health care, home care, industrial lubricants, paints and coatings, personal care, and special solvents.