Covestro AG (OTCMKTS:COVTY) Short Interest Update

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

Covestro Price Performance

Shares of Covestro stock traded up $0.40 during trading on Friday, hitting $30.70. 6,544 shares of the company’s stock traded hands, compared to its average volume of 11,245. Covestro has a 1 year low of $24.12 and a 1 year high of $32.60. The stock has a market capitalization of $11.60 billion, a P/E ratio of -41.49 and a beta of 1.17. The business has a 50-day simple moving average of $29.52 and a 200-day simple moving average of $30.26.

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.