Covestro AG (OTCMKTS:COVTY - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 500 shares, a decline of 28.6% from the March 15th total of 700 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 0.1 days.
Covestro Trading Down 0.3 %
Covestro stock traded down $0.10 during midday trading on Monday, hitting $33.25. 4,756 shares of the stock were exchanged, compared to its average volume of 7,513. The stock's 50-day simple moving average is $31.60 and its 200 day simple moving average is $30.69. Covestro has a fifty-two week low of $24.12 and a fifty-two week high of $33.83. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of -44.33 and a beta of 1.05.
Covestro (OTCMKTS:COVTY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.30). The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.95 billion. Equities analysts anticipate that Covestro will post 0.03 EPS for the current fiscal year.
About Covestro
(
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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.
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