Carl Zeiss Meditec AG (OTCMKTS:CZMWY) Sees Significant Decrease in Short Interest

Carl Zeiss Meditec AG (OTCMKTS:CZMWY) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,300 shares, a decline of 35.0% from the February 13th total of 2,000 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 0.1 days.

Carl Zeiss Meditec Trading Up 7.4 %

Shares of OTCMKTS:CZMWY opened at $69.73 on Monday. The business’s fifty day moving average price is $57.86 and its two-hundred day moving average price is $61.06. Carl Zeiss Meditec has a fifty-two week low of $46.13 and a fifty-two week high of $133.15.

Carl Zeiss Meditec Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.6246 per share. This represents a dividend yield of 1%. The ex-dividend date is Friday, March 28th. Carl Zeiss Meditec’s payout ratio is presently 32.64%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Carl Zeiss Meditec from a “sell” rating to a “buy” rating in a report on Tuesday, March 11th.

About Carl Zeiss Meditec

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.