Short Interest in Lonza Group AG (OTCMKTS:LZAGY) Increases By 5,525.0%

Lonza Group AG (OTCMKTS:LZAGY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 22,500 shares, a growth of 5,525.0% from the December 15th total of 400 shares. Based on an average daily trading volume, of 85,500 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Redburn Atlantic upgraded Lonza Group to a “strong-buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised shares of Lonza Group to a “strong-buy” rating in a report on Wednesday, October 9th.

Lonza Group Price Performance

OTCMKTS:LZAGY traded up $0.66 during midday trading on Wednesday, hitting $59.52. 94,677 shares of the stock were exchanged, compared to its average volume of 49,964. Lonza Group has a one year low of $41.17 and a one year high of $67.00. The business has a 50-day moving average price of $59.79 and a two-hundred day moving average price of $61.45.

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.