Covestro AG (OTCMKTS:COVTY) Short Interest Update

Covestro AG (OTCMKTS:COVTY) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 14,800 shares, a growth of 138.7% from the June 15th total of 6,200 shares. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 0.4 days.

Covestro Stock Performance

COVTY opened at $29.93 on Friday. Covestro has a fifty-two week low of $24.12 and a fifty-two week high of $31.76. The firm has a 50-day moving average of $27.42 and a 200 day moving average of $27.00.

Covestro (OTCMKTS:COVTY) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $3.81 billion for the quarter. On average, equities analysts forecast that Covestro will post 0.23 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.