Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Sees Large Decline in Short Interest

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 1,700 shares, a decline of 83.0% from the October 15th total of 10,000 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is presently 0.2 days.

Carl Zeiss Meditec Stock Performance

Shares of CZMWY traded down $1.95 during trading on Tuesday, reaching $61.12. The company’s stock had a trading volume of 15,221 shares, compared to its average volume of 4,167. The company has a fifty day moving average of $67.82 and a two-hundred day moving average of $76.56. Carl Zeiss Meditec has a twelve month low of $60.72 and a twelve month high of $134.60.

Carl Zeiss Meditec Company Profile

Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia. It operates in two segments, Ophthalmology and Microsurgery. The Ophthalmology segment offers products and solutions for the diagnosis and treatment of chronic eye diseases, such as ametropia (refraction), cataracts, glaucoma, and renital disorders.