Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Update

Key Points

• Covestro AG saw a significant 50% decline in short interest in July, with only 300 shares sold short as of July 31st.
• The company reported a loss of $0.18 per share in its latest quarterly earnings, along with negative margins and return on equity.
• Covestro has a market cap of $13.26 billion and its stock has a 52-week price range between $28.48 and $35.97.

Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 300 shares, adecreaseof50.0% from the July 15th total of 600 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.0 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.0 days.

Covestro Stock Up 1.2%

Shares of COVTY traded up $0.4085 during trading hours on Friday, reaching $35.2485. The stock had a trading volume of 799 shares, compared to its average volume of 5,025. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of -32.64 and a beta of 1.04. The firm has a 50-day simple moving average of $35.12 and a 200 day simple moving average of $33.25. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.30. Covestro has a 12 month low of $28.48 and a 12 month high of $35.97.

Covestro (OTCMKTS:COVTY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter. Covestro had a negative net margin of 2.68% and a negative return on equity of 5.68%. Equities research analysts predict 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.