Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Update

Evonik Industries AG (OTCMKTS:EVKIF) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 214,514 shares, an increase of 42.8% from the March 31st total of 150,232 shares. Based on an average trading volume of 173 shares, the days-to-cover ratio is presently 1,240.0 days.

Evonik Industries Stock Performance

Evonik Industries stock remained flat at $20.56 during mid-day trading on Thursday. The company had a trading volume of 500 shares, compared to its average volume of 342. Evonik Industries has a 12 month low of $14.49 and a 12 month high of $23.50. The firm’s 50-day simple moving average is $18.19 and its 200-day simple moving average is $16.72.

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.