Covestro AG (OTCMKTS:COVTY) Short Interest Up 13.6% in December

Covestro AG (OTCMKTS:COVTY - Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 9,200 shares, a growth of 13.6% from the November 30th total of 8,100 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

COVTY has been the subject of a number of recent research reports. Barclays upgraded shares of Covestro to a "hold" rating in a report on Wednesday, October 9th. Citigroup raised Covestro to a "hold" rating in a research note on Thursday, October 3rd.

Covestro Stock Performance

Shares of Covestro stock traded down $0.21 on Monday, reaching $29.09. The stock had a trading volume of 18,025 shares, compared to its average volume of 24,203. Covestro has a fifty-two week low of $24.12 and a fifty-two week high of $32.60. The business's 50-day moving average price is $30.50 and its two-hundred day moving average price is $30.20. The stock has a market cap of $11.00 billion, a P/E ratio of -39.31 and a beta of 1.17.

Covestro (OTCMKTS:COVTY - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $3.96 billion for the quarter. As a group, equities analysts forecast that Covestro will post 0.03 earnings per share for the current fiscal year.

Covestro Company Profile

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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