Clariant AG (OTCMKTS:CLZNY) Short Interest Update

Clariant AG (OTCMKTS:CLZNY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a growth of 66.7% from the February 28th total of 300 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is currently 0.4 days.

Clariant Price Performance

Shares of CLZNY remained flat at $13.36 during trading hours on Monday. The stock had a trading volume of 14 shares, compared to its average volume of 1,756. The firm has a fifty day moving average of $12.29 and a 200 day moving average of $12.95. Clariant has a one year low of $10.71 and a one year high of $17.47.

Analyst Ratings Changes

Several brokerages have recently weighed in on CLZNY. Berenberg Bank lowered Clariant from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Clariant in a report on Wednesday, March 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Clariant in a report on Tuesday, March 11th.

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.