Evonik Industries AG (OTCMKTS:EVKIF) Sees Significant Decrease in Short Interest

Evonik Industries AG (OTCMKTS:EVKIF) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 171,700 shares, a decrease of 16.7% from the October 31st total of 206,000 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 858.5 days.

Evonik Industries Stock Performance

Shares of EVKIF remained flat at $17.90 during mid-day trading on Friday. 1 shares of the stock traded hands, compared to its average volume of 679. The company has a fifty day moving average of $21.44 and a 200-day moving average of $20.76. Evonik Industries has a 1-year low of $17.90 and a 1-year high of $23.40.

About Evonik Industries

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.