Short Interest in Clariant AG (OTCMKTS:CLZNY) Declines By 91.7%

Clariant AG (OTCMKTS:CLZNYGet Rating) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 100 shares, a drop of 91.7% from the April 15th total of 1,200 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.1 days.

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Clariant from CHF 20 to CHF 21 in a research report on Friday, January 14th. AlphaValue cut Clariant to a “buy” rating in a research report on Monday, March 14th. Finally, Jefferies Financial Group lowered Clariant from a “buy” rating to a “hold” rating in a report on Tuesday, February 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.00.

OTCMKTS CLZNY traded down $1.05 during trading on Thursday, reaching $17.27. 212 shares of the company’s stock were exchanged, compared to its average volume of 1,550. Clariant has a fifty-two week low of $14.89 and a fifty-two week high of $22.30. The company’s fifty day simple moving average is $16.96 and its 200-day simple moving average is $19.30.

About Clariant (Get Rating)

Clariant AG, together with its subsidiaries, develops, manufactures, distributes, and sells specialty chemicals worldwide. It operates in three segments: Care Chemicals, Catalysis, Natural Resources. The company offers flame retardants, performance additives, and advanced surface solutions for use in plastics, coatings, inks, and other applications; and catalysts for the petrochemical and refining, synthesis gas, chemical, emissions control, specialty zeolites and zeolite-based, and custom catalyst markets.

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