Short Interest in Covestro AG Sponsored ADR (OTCMKTS:COVTY) Increases By 512.0%

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 15,300 shares, an increase of 512.0% from the September 15th total of 2,500 shares. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 0.5 days.

Covestro Stock Performance

COVTY opened at $35.43 on Friday. Covestro has a 52-week low of $28.48 and a 52-week high of $35.97. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.30. The company has a market cap of $13.39 billion, a P/E ratio of -32.81 and a beta of 0.99. The firm’s 50-day moving average price is $34.50 and its 200-day moving average price is $34.19.

Covestro (OTCMKTS:COVTY) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter. Covestro had a negative net margin of 2.68% and a negative return on equity of 5.68%. As a group, equities analysts anticipate that Covestro will post 0.03 EPS 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.