Covestro AG (OTCMKTS:COVTY) Short Interest Up 140.0% in February

Covestro AG (OTCMKTS:COVTY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 3,600 shares, an increase of 140.0% from the January 31st total of 1,500 shares. Based on an average trading volume of 13,300 shares, the short-interest ratio is currently 0.3 days.

Covestro Trading Down 1.5 %

Shares of OTCMKTS COVTY opened at $30.06 on Monday. Covestro has a 1-year low of $24.12 and a 1-year high of $32.60. The company has a market cap of $11.36 billion, a PE ratio of -40.07 and a beta of 1.17. The company has a 50-day moving average of $29.64 and a two-hundred day moving average of $30.35.

Covestro (OTCMKTS:COVTY) last announced its earnings results on Wednesday, February 26th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.95 billion. As a group, equities research analysts forecast that Covestro will post 0.03 earnings per share for the current year.

About Covestro

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.