Short Interest in Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Drops By 14.2%

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 1,276 shares, a drop of 14.2% from the December 31st total of 1,487 shares. Based on an average daily volume of 5,917 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 5,917 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

CZMWY has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered shares of Carl Zeiss Meditec from a “buy” rating to a “neutral” rating in a report on Tuesday, January 20th. Sanford C. Bernstein downgraded shares of Carl Zeiss Meditec to a “market perform” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Carl Zeiss Meditec presently has an average rating of “Hold”.

Carl Zeiss Meditec Stock Performance

Shares of OTCMKTS CZMWY opened at $32.59 on Thursday. The company has a 50 day simple moving average of $44.96 and a 200-day simple moving average of $49.44. Carl Zeiss Meditec has a 1 year low of $32.34 and a 1 year high of $76.28.

About Carl Zeiss Meditec

Carl Zeiss Meditec AG is a global medical technology company headquartered in Jena, Germany. Founded in 2002 as a spin-off from the Carl Zeiss Group, the business leverages the parent company’s expertise in optics and precision engineering. Over the years, Carl Zeiss Meditec has grown through organic development and strategic acquisitions, becoming a recognized provider of innovative surgical and diagnostic solutions for eye care and microsurgery.

The company’s core offerings span two primary divisions: Ophthalmic Devices and Microsurgery.