Covestro AG (OTCMKTS:COVTY - Get Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,600 shares, a drop of 60.9% from the December 31st total of 9,200 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 0.1 days.
Wall Street Analyst Weigh In
Several research firms recently weighed in on COVTY. Barclays upgraded shares of Covestro to a "hold" rating in a report on Wednesday, October 9th. Citigroup upgraded shares of Covestro to a "hold" rating in a report on Thursday, October 3rd.
Get Our Latest Analysis on Covestro
Covestro Stock Down 0.1 %
Covestro stock traded down $0.04 during trading hours on Thursday, hitting $29.65. The stock had a trading volume of 4,574 shares, compared to its average volume of 13,763. The stock has a market capitalization of $11.21 billion, a P/E ratio of -40.07 and a beta of 1.17. Covestro has a 12-month low of $24.12 and a 12-month high of $32.60. The stock's 50-day moving average price is $29.60 and its 200-day moving average price is $30.24.
Covestro (OTCMKTS:COVTY - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter. The business had revenue of $3.96 billion for the quarter. On average, research analysts expect that Covestro will post 0.03 EPS for the current fiscal year.
Covestro Company Profile
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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.
See Also
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