Covestro AG (OTCMKTS:COVTY - Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,600 shares, a drop of 60.9% from the December 15th total of 9,200 shares. Based on an average daily trading volume, of 25,100 shares, the short-interest ratio is presently 0.1 days.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of Covestro to a "hold" rating in a report on Thursday, October 3rd. Barclays upgraded Covestro to a "hold" rating in a report on Wednesday, October 9th.
Check Out Our Latest Report on Covestro
Covestro Stock Performance
OTCMKTS COVTY traded up $0.11 on Tuesday, reaching $28.95. The company had a trading volume of 21,683 shares, compared to its average volume of 21,048. Covestro has a 1-year low of $24.12 and a 1-year high of $32.60. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of -39.12 and a beta of 1.17. The company's fifty day moving average is $29.93 and its 200-day moving average is $30.28.
Covestro (OTCMKTS:COVTY - Get Free Report) last issued 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. On average, research analysts forecast that Covestro will post 0.03 earnings per share for the current 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.
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