Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Up 507.2% in January

Evonik Industries AG (OTCMKTS:EVKIF) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 287,200 shares, a growth of 507.2% from the January 15th total of 47,300 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 179.5 days.

Evonik Industries Price Performance

Shares of OTCMKTS EVKIF remained flat at $18.20 during trading on Wednesday. Evonik Industries has a fifty-two week low of $16.05 and a fifty-two week high of $23.40. The firm’s fifty day moving average price is $17.35 and its 200 day moving average price is $19.68.

About Evonik Industries

Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.