Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Down 40.3% in June

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 40 shares, a decrease of 40.3% from the May 31st total of 67 shares. Based on an average daily volume of 5,260 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Covestro Price Performance

COVTY stock traded down $0.26 during trading on Wednesday, hitting $32.93. 10,687 shares of the stock traded hands, compared to its average volume of 4,012. Covestro has a one year low of $31.62 and a one year high of $36.60. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of -13.02 and a beta of 0.90. The company has a 50 day simple moving average of $34.31 and a 200 day simple moving average of $34.55. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24.

Covestro Company Profile

Covestro AG is a leading global manufacturer of high-performance polymer materials. Established in 2015 following its spin-off from Bayer MaterialScience, the company builds on a legacy of innovation dating back to the early 20th century. Covestro develops and produces a wide range of plastics and coatings designed to meet the evolving needs of various industrial sectors.

The company’s core product portfolio includes polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers.