Short Interest in Covestro AG Sponsored ADR (OTCMKTS:COVTY) Increases By 512.0%

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 15,300 shares, a growth of 512.0% from the September 15th total of 2,500 shares. Based on an average trading volume of 30,400 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 30,400 shares, the short-interest ratio is presently 0.5 days.

Covestro Trading Up 0.4%

COVTY stock opened at $35.43 on Friday. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of -32.81 and a beta of 0.99. Covestro has a twelve month low of $28.48 and a twelve month high of $35.97. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $34.50 and its two-hundred day simple moving average is $34.19.

Covestro (OTCMKTS:COVTY) last issued its earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter. Covestro had a negative net margin of 2.68% and a negative return on equity of 5.68%. As a group, analysts anticipate that Covestro will post 0.03 earnings per share for the current 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.