Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Down 13.4% in January

Evonik Industries AG (OTCMKTS:EVKIF) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,239,063 shares, a decrease of 13.4% from the December 31st total of 1,430,997 shares. Based on an average daily volume of 290 shares, the days-to-cover ratio is currently 4,272.6 days. Based on an average daily volume of 290 shares, the days-to-cover ratio is currently 4,272.6 days.

Evonik Industries Price Performance

EVKIF remained flat at $15.20 during trading on Tuesday. 5 shares of the company’s stock traded hands, compared to its average volume of 1,388. Evonik Industries has a 52 week low of $14.49 and a 52 week high of $24.50. The business’s fifty day simple moving average is $15.16 and its 200 day simple moving average is $17.35.

About Evonik Industries

Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.

The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.