Covestro AG (OTCMKTS:COVTY) Short Interest Update

Covestro AG (OTCMKTS:COVTY) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,500 shares, an increase of 25.0% from the January 15th total of 1,200 shares. Based on an average trading volume of 17,000 shares, the short-interest ratio is currently 0.1 days.

Covestro Stock Up 1.3 %

Shares of OTCMKTS COVTY traded up $0.40 during trading on Friday, reaching $30.70. The company had a trading volume of 6,544 shares, compared to its average volume of 11,245. Covestro has a 12-month low of $24.12 and a 12-month high of $32.60. The stock has a market cap of $11.60 billion, a PE ratio of -41.49 and a beta of 1.17. The business’s 50-day moving average is $29.52 and its 200 day moving average is $30.26.

About Covestro

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.