Lonza Group AG (OTCMKTS:LZAGY) Sees Large Decrease in Short Interest

Lonza Group AG (OTCMKTS:LZAGY) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,100 shares, a drop of 55.1% from the October 15th total of 6,900 shares. Based on an average daily volume of 114,900 shares, the short-interest ratio is currently 0.0 days.

Lonza Group Trading Down 0.7 %

OTCMKTS LZAGY traded down $0.42 during trading on Wednesday, reaching $62.89. 62,200 shares of the company’s stock traded hands, compared to its average volume of 81,558. The company’s 50 day simple moving average is $62.98 and its two-hundred day simple moving average is $60.23. Lonza Group has a 12-month low of $36.71 and a 12-month high of $67.00.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Lonza Group to a “strong-buy” rating in a research report on Wednesday, October 9th.

About Lonza Group

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.