Covestro AG (OTCMKTS:COVTY) Short Interest Update

Covestro AG (OTCMKTS:COVTY) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 6,800 shares, an increase of 70.0% from the July 31st total of 4,000 shares. Based on an average daily volume of 18,600 shares, the short-interest ratio is presently 0.4 days.

Covestro Trading Up 0.5 %

COVTY traded up $0.15 during midday trading on Friday, reaching $30.72. 5,715 shares of the company’s stock traded hands, compared to its average volume of 29,846. Covestro has a 52 week low of $24.12 and a 52 week high of $31.76. The firm has a fifty day moving average of $29.60 and a two-hundred day moving average of $27.64.

Covestro (OTCMKTS:COVTY) last announced its earnings results on Tuesday, July 30th. The company reported ($0.20) EPS for the quarter. The company had revenue of $3.97 billion during the quarter. Analysts predict that Covestro will post 0.23 EPS for the current year.

Covestro Company Profile

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.