Covestro AG (OTCMKTS:COVTY – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 10,100 shares, an increase of 4,950.0% from the September 30th total of 200 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is presently 0.3 days.
Covestro Price Performance
Shares of COVTY stock opened at $31.49 on Friday. Covestro has a 12-month low of $24.12 and a 12-month high of $32.60. The firm has a fifty day moving average of $30.98 and a 200-day moving average of $28.85.
Covestro (OTCMKTS:COVTY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $3.97 billion during the quarter. Equities analysts predict that Covestro will post 0.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on COVTY
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.
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