Short Interest in Lonza Group AG (OTCMKTS:LZAGY) Grows By 500.0%

Lonza Group AG (OTCMKTS:LZAGY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 18,600 shares, an increase of 500.0% from the October 31st total of 3,100 shares. Based on an average daily volume of 116,500 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Lonza Group to a “strong-buy” rating in a research note on Wednesday, October 9th.

Lonza Group Stock Down 2.1 %

OTCMKTS:LZAGY traded down $1.27 during trading hours on Wednesday, reaching $58.49. 27,465 shares of the company traded hands, compared to its average volume of 84,382. The business’s 50-day moving average price is $61.90 and its two-hundred day moving average price is $60.37. Lonza Group has a 1 year low of $36.71 and a 1 year high of $67.00.

Lonza Group Company Profile

Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe, North and Central America, Latin America, Asia, Australia, New Zealand, and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments.