Covestro AG (OTCMKTS:COVTY) Short Interest Down 30.6% in February

Covestro AG (OTCMKTS:COVTY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 2,500 shares, a decrease of 30.6% from the February 13th total of 3,600 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is currently 0.2 days.

Covestro Stock Down 0.9 %

COVTY opened at $31.48 on Monday. Covestro has a 12 month low of $24.12 and a 12 month high of $32.60. The company has a fifty day simple moving average of $30.05 and a 200 day simple moving average of $30.45. The stock has a market cap of $11.90 billion, a P/E ratio of -41.97 and a beta of 1.17.

Covestro (OTCMKTS:COVTY) last announced its earnings results on Wednesday, February 26th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.95 billion. On average, equities research analysts expect that Covestro will post 0.03 earnings per share for the current fiscal year.

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.