Covestro AG (OTCMKTS:COVTY) Short Interest Down 72.0% in March

Covestro AG (OTCMKTS:COVTY) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 700 shares, a decline of 72.0% from the February 28th total of 2,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is currently 0.1 days.

Covestro Stock Down 0.0 %

Shares of COVTY traded down $0.01 during mid-day trading on Friday, reaching $31.48. The company’s stock had a trading volume of 2,023 shares, compared to its average volume of 8,102. Covestro has a 1 year low of $24.12 and a 1 year high of $32.60. The company has a market cap of $11.90 billion, a price-to-earnings ratio of -41.97 and a beta of 1.17. The business has a fifty day moving average of $30.57 and a 200 day moving average of $30.51.

Covestro (OTCMKTS:COVTY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.95 billion. On average, analysts predict 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.