Evonik Industries AG (OTCMKTS:EVKIF) Sees Large Decline in Short Interest

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 348,000 shares, a decline of 17.7% from the May 31st total of 422,900 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 1,740.0 days.

Evonik Industries Stock Performance

Evonik Industries stock remained flat at $19.35 during trading on Tuesday. The stock has a 50 day simple moving average of $20.56 and a 200 day simple moving average of $19.62. Evonik Industries has a 1-year low of $16.90 and a 1-year high of $22.30.

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.