Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Down 60.3% in October

Evonik Industries AG (OTCMKTS:EVKIF) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 206,000 shares, a decrease of 60.3% from the October 15th total of 519,500 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 171.7 days.

Evonik Industries Stock Performance

Shares of EVKIF remained flat at $19.62 during mid-day trading on Friday. Evonik Industries has a 12-month low of $18.05 and a 12-month high of $23.40. The company’s 50-day simple moving average is $22.24 and its 200 day simple moving average is $20.94.

Evonik Industries Company Profile

Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.