Covestro AG (OTCMKTS:COVTY - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 400 shares, a decline of 20.0% from the March 31st total of 500 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.0 days.
Covestro Stock Performance
Shares of OTCMKTS COVTY opened at $32.28 on Friday. The business's 50-day simple moving average is $32.03 and its 200-day simple moving average is $30.78. Covestro has a 52 week low of $25.00 and a 52 week high of $33.83. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of -43.04 and a beta of 1.05.
Covestro (OTCMKTS:COVTY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.30). The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.95 billion. As a group, equities research analysts forecast that Covestro will post 0.03 earnings per share for the current year.
About Covestro
(
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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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