Evonik Industries AG (OTCMKTS:EVKIF) Sees Significant Decline in Short Interest

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 236,600 shares, a decline of 16.7% from the August 15th total of 284,100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2,366.0 days.

Evonik Industries Price Performance

Shares of EVKIF opened at $23.40 on Wednesday. The company’s fifty day moving average price is $20.08 and its 200-day moving average price is $19.95. Evonik Industries has a 1-year low of $16.90 and a 1-year high of $23.40.

About Evonik Industries

Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.