Covestro AG (OTCMKTS:COVTY) Sees Large Decrease in Short Interest

Covestro AG (OTCMKTS:COVTY - Get Free Report) was the target of a large decline in short interest in 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. Based on an average trading volume of 11,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Covestro Trading Up 0.6 %

Shares of OTCMKTS COVTY traded up $0.22 during mid-day trading on Wednesday, hitting $33.48. The company had a trading volume of 1,541 shares, compared to its average volume of 7,159. The stock's 50-day moving average price is $32.17 and its 200-day moving average price is $30.80. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of -44.64 and a beta of 1.08. Covestro has a 1 year low of $25.45 and a 1 year high of $33.83.

Covestro (OTCMKTS:COVTY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast 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.