Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 242 shares, a growth of 505.0% from the April 30th total of 40 shares. Based on an average daily trading volume, of 3,758 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Covestro Stock Down 1.8%
Shares of Covestro stock traded down $0.61 during trading hours on Thursday, reaching $34.09. 617 shares of the company’s stock were exchanged, compared to its average volume of 4,214. The stock has a market cap of $14.16 billion, a P/E ratio of -13.47 and a beta of 0.91. The company has a 50 day moving average of $34.28 and a two-hundred day moving average of $34.62. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. Covestro has a fifty-two week low of $31.62 and a fifty-two week high of $36.60.
Covestro (OTCMKTS:COVTY – Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.67). Covestro had a negative net margin of 6.97% and a negative return on equity of 13.22%. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.42 billion.
Covestro Company Profile
Covestro AG is a leading global manufacturer of high-performance polymer materials. Established in 2015 following its spin-off from Bayer MaterialScience, the company builds on a legacy of innovation dating back to the early 20th century. Covestro develops and produces a wide range of plastics and coatings designed to meet the evolving needs of various industrial sectors.
The company’s core product portfolio includes polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers.
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