Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Update

Covestro AG Sponsored ADR (OTCMKTS:COVTY) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 67 shares, a drop of 72.3% from the May 14th total of 242 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,452 shares, the days-to-cover ratio is presently 0.0 days.

Covestro Stock Performance

COVTY stock remained flat at $34.30 during midday trading on Thursday. The company’s stock had a trading volume of 3,328 shares, compared to its average volume of 2,180. Covestro has a one year low of $31.62 and a one year high of $36.60. The stock has a market capitalization of $14.24 billion, a PE ratio of -13.56 and a beta of 0.90. The company’s fifty day simple moving average is $34.40 and its 200-day simple moving average is $34.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.53 and a quick ratio of 0.88.

About Covestro

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.