Clariant AG (OTCMKTS:CLZNY) Shares Shorted: Short Interest Up 933.3% in October

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Clariant from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 6th. The Goldman Sachs Group raised shares of Clariant to a “strong-buy” rating in a research note on Thursday, August 20th. Morgan Stanley restated an “underweight” rating on shares of Clariant in a report on Tuesday, October 6th. Berenberg Bank raised shares of Clariant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Clariant from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Clariant has a consensus rating of “Moderate Buy”.

Clariant Stock Performance

OTCMKTS:CLZNY remained flat at $13.06 during mid-day trading on Tuesday. The company’s stock had a trading volume of 429 shares, compared to its average volume of 747. Clariant has a 1 year low of $8.45 and a 1 year high of $13.96. The company has a fifty day moving average price of $12.75 and a two-hundred day moving average price of $10.99.

About Clariant

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.