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

Lonza Group AG (OTCMKTS:LZAGY - Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 3,700 shares, a drop of 92.8% from the April 30th total of 51,600 shares. Based on an average daily volume of 92,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Lonza Group Price Performance

LZAGY stock traded up $1.04 during midday trading on Friday, reaching $69.13. The company had a trading volume of 91,130 shares, compared to its average volume of 90,545. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.52. The stock has a 50 day moving average price of $66.67 and a 200 day moving average price of $63.59. Lonza Group has a fifty-two week low of $52.23 and a fifty-two week high of $73.29.

Lonza Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.1054 dividend. This is an increase from Lonza Group's previous dividend of $0.10. This represents a yield of 0.15%. The ex-dividend date was Wednesday, May 14th.

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.