Evonik Industries AG (OTCMKTS:EVKIF) Sees Large Growth in Short Interest

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 600,729 shares, an increase of 73.1% from the July 15th total of 347,062 shares. Based on an average daily trading volume, of 33 shares, the short-interest ratio is presently 18,203.9 days.

Evonik Industries Price Performance

Shares of OTCMKTS EVKIF remained flat at $20.97 during midday trading on Monday. Evonik Industries has a twelve month low of $14.49 and a twelve month high of $21.30. The firm has a 50-day moving average of $18.83 and a 200-day moving average of $18.73.

About Evonik Industries

(Get Free Report)

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.

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