Short Interest in Covestro AG (OTCMKTS:COVTY) Expands By 171.4%

Covestro AG (OTCMKTS:COVTY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 3,800 shares, a growth of 171.4% from the August 31st total of 1,400 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is presently 0.3 days.

Covestro Trading Up 0.9 %

Shares of OTCMKTS:COVTY opened at $30.48 on Friday. Covestro has a one year low of $24.12 and a one year high of $31.76. The business’s fifty day moving average price is $30.08 and its two-hundred day moving average price is $28.23.

Covestro (OTCMKTS:COVTY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $3.97 billion for the quarter. As a group, sell-side analysts expect that Covestro will post 0.03 earnings per share for the current fiscal 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.