Covestro AG Sponsored ADR (OTCMKTS:COVTY) Sees Significant Decline in Short Interest

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 600 shares, a drop of 57.1% from the June 30th total of 1,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is currently 0.2 days.

Covestro Trading Down 0.0%

Shares of OTCMKTS:COVTY opened at $34.58 on Thursday. Covestro has a 1 year low of $28.48 and a 1 year high of $35.97. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of -31.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.32 and a quick ratio of 0.71. The business’s 50 day moving average price is $34.79 and its 200-day moving average price is $32.61.

Covestro (OTCMKTS:COVTY) last announced its earnings results on Tuesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. Covestro had a negative net margin of 2.74% and a negative return on equity of 5.84%. On average, equities research analysts forecast that Covestro will post 0.03 earnings per share for the current fiscal 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.