Clariant AG (OTCMKTS:CLZNY – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 50.0% from the October 15th total of 200 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 0.5 days.
Clariant Trading Up 2.6 %
Shares of OTCMKTS:CLZNY traded up $0.32 during midday trading on Wednesday, reaching $12.55. The company had a trading volume of 848 shares, compared to its average volume of 611. The company has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $15.66. Clariant has a 1-year low of $12.23 and a 1-year high of $17.47.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded shares of Clariant to a “strong-buy” rating in a research note on Wednesday, August 14th.
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.
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