Covestro AG (OTCMKTS:COVTY) Sees Significant Increase in Short Interest

Covestro AG (OTCMKTS:COVTY - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,500 shares, an increase of 25.0% from the January 15th total of 1,200 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is presently 0.1 days.

Covestro Trading Down 0.7 %

Shares of COVTY stock traded down $0.22 on Tuesday, hitting $30.48. 6,152 shares of the stock were exchanged, compared to its average volume of 11,079. The firm has a market capitalization of $11.52 billion, a P/E ratio of -41.19 and a beta of 1.17. Covestro has a fifty-two week low of $24.12 and a fifty-two week high of $32.60. The business has a 50-day moving average of $29.52 and a 200 day moving average of $30.27.

About Covestro

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.