Colt CZ Group SE (OTCMKTS:CZGZF) Stock Short Interest Jumps 81.4%

Colt CZ Group SE (OTCMKTS:CZGZF) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 23,756 shares, a growth of 81.4% from the August 31st total of 13,099 shares. Based on an average daily volume of 68 shares, the days-to-cover ratio is currently 349.4 days.

Colt CZ Group Stock Performance

Shares of OTCMKTS:CZGZF opened at C$44.00 on Tuesday. The firm’s 50 day simple moving average is C$45.91 and its 200 day simple moving average is C$47.03. Colt CZ Group has a fifty-two week low of C$34.52 and a fifty-two week high of C$53.46.

About Colt CZ Group

Colt CZ Group SE is a Czech-based firearms and ammunition manufacturer headquartered in Prague. The company develops, produces and distributes small arms, ammunition and related accessories for the civilian, law enforcement and military markets.

Its portfolio includes pistols, rifles, submachine guns, machine guns and other firearms sold under brands such as Colt, CZ, Colt Canada and CZ-USA. The group also offers training, service and support activities associated with its products, serving customers through distribution and manufacturing operations in Europe, North America and other international markets.

The company traces its industrial heritage to Česká zbrojovka, established in Uherský Brod in 1936, and adopted the Colt CZ Group name as it expanded its international operations.