Short Interest in Covestro AG (OTCMKTS:COVTY) Expands By 50.0%

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

Covestro Stock Up 0.1 %

OTCMKTS COVTY traded up $0.02 on Tuesday, reaching $26.37. The company’s stock had a trading volume of 7,044 shares, compared to its average volume of 14,126. The business has a 50-day moving average price of $26.60 and a 200 day moving average price of $26.77. Covestro has a 52 week low of $19.11 and a 52 week high of $31.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.08 and a current ratio of 1.81.

Covestro (OTCMKTS:COVTYGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $3.81 billion for the quarter. Covestro had a negative return on equity of 8.62% and a negative net margin of 5.81%. Sell-side analysts expect that Covestro will post 0.35 EPS 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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