Short Interest in Covestro AG (OTCMKTS:COVTY) Decreases By 70.0%

Covestro AG (OTCMKTS:COVTY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 6,200 shares, a decrease of 70.0% from the May 31st total of 20,700 shares. Based on an average trading volume of 15,800 shares, the short-interest ratio is currently 0.4 days.

Covestro Price Performance

COVTY stock traded up $0.19 during mid-day trading on Friday, reaching $29.31. The company’s stock had a trading volume of 27,025 shares, compared to its average volume of 37,570. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.39. Covestro has a fifty-two week low of $24.12 and a fifty-two week high of $31.76. The company’s 50 day moving average is $26.53 and its two-hundred day moving average is $26.95.

Covestro (OTCMKTS:COVTY) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.10) EPS for the quarter. Covestro had a negative net margin of 5.81% and a negative return on equity of 8.62%. The business had revenue of $3.81 billion during the quarter. On average, sell-side analysts expect that Covestro will post 0.34 EPS for the current 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.