Clariant AG (OTCMKTS:CLZNY) Sees Large Growth in Short Interest

Clariant AG (OTCMKTS:CLZNY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 1 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 351 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Clariant from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group upgraded Clariant from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Clariant Stock Performance

Clariant stock opened at $9.86 on Friday. Clariant has a 12-month low of $8.45 and a 12-month high of $12.16. The company has a 50-day moving average price of $10.06 and a 200 day moving average price of $9.89.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.