Evonik Industries AG (OTCMKTS:EVKIF – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 297,244 shares, a decline of 54.6% from the August 15th total of 654,753 shares. Based on an average trading volume of 187 shares, the days-to-cover ratio is presently 1,589.5 days.
Evonik Industries Price Performance
OTCMKTS EVKIF remained flat at $22.42 on Wednesday. Evonik Industries has a 1 year low of $14.49 and a 1 year high of $23.93. The business has a fifty day simple moving average of $20.69 and a two-hundred day simple moving average of $19.57.
About Evonik Industries
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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