Covestro AG (OTCMKTS:COVTY) Short Interest Update

Covestro AG (OTCMKTS:COVTY - Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 300 shares, a growth of 50.0% from the April 15th total of 200 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is presently 0.0 days.

Covestro Price Performance

Covestro stock traded down $0.37 during trading on Friday, hitting $25.93. 6,750 shares of the company were exchanged, compared to its average volume of 11,885. The business's 50 day moving average is $26.61 and its 200 day moving average is $26.75. Covestro has a 52 week low of $19.11 and a 52 week high of $31.76. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39.

Covestro (OTCMKTS:COVTY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter. Covestro had a negative return on equity of 8.62% and a negative net margin of 5.81%. The company had revenue of $3.81 billion for the quarter. As a group, equities analysts expect that Covestro will post 0.35 EPS for the current year.

About Covestro

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.

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