Sandoz Group AG (OTCMKTS:SDZNY - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 68,600 shares, a growth of 25.4% from the February 28th total of 54,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 94,300 shares, the short-interest ratio is presently 0.7 days.
Sandoz Group Trading Down 7.9 %
Shares of SDZNY traded down $3.28 during mid-day trading on Friday, reaching $38.00. The company had a trading volume of 46,665 shares, compared to its average volume of 38,656. The company's 50-day moving average is $44.86 and its 200-day moving average is $43.82. Sandoz Group has a twelve month low of $27.79 and a twelve month high of $49.81.
Wall Street Analyst Weigh In
Separately, UBS Group cut shares of Sandoz Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd.
Check Out Our Latest Stock Analysis on SDZNY
Sandoz Group Company Profile
(
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Sandoz Group AG develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide. The company covers therapeutic areas, including cardiovascular, central nervous system, oncology, infectious diseases, pain and respiratory, diabetes, immunology, endocrinology, hematology, and ophthalmology, as well as bone disease.
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