Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Down 30.2% in October

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 1,003,800 shares, a drop of 30.2% from the September 30th total of 1,437,500 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 2,007.6 days. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 2,007.6 days.

Evonik Industries Price Performance

EVKIF opened at $16.89 on Monday. The company’s 50 day simple moving average is $18.24 and its two-hundred day simple moving average is $20.24. Evonik Industries has a 1-year low of $16.05 and a 1-year high of $24.50.

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.