Evonik Industries AG (OTCMKTS:EVKIF – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 297,244 shares, a drop of 54.6% from the August 15th total of 654,753 shares. Based on an average daily volume of 187 shares, the days-to-cover ratio is presently 1,589.5 days.
Evonik Industries Price Performance
EVKIF opened at $22.42 on Monday. The business’s 50 day moving average is $20.60 and its 200-day moving average is $19.50. Evonik Industries has a twelve month low of $14.49 and a twelve month high of $23.93.
About Evonik Industries
Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.
The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.
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