Short Interest in Lonza Group AG (OTCMKTS:LZAGY) Increases By 762.5%

Lonza Group AG (OTCMKTS:LZAGY - Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 6,900 shares, a growth of 762.5% from the September 30th total of 800 shares. Based on an average daily trading volume, of 35,600 shares, the short-interest ratio is presently 0.2 days.

Lonza Group Price Performance

Shares of LZAGY traded down $0.20 during mid-day trading on Friday, hitting $63.92. The stock had a trading volume of 188,415 shares, compared to its average volume of 83,830. Lonza Group has a fifty-two week low of $34.19 and a fifty-two week high of $67.00. The company's fifty day simple moving average is $63.59 and its two-hundred day simple moving average is $59.75.

Analysts Set New Price Targets

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

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.

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