Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Update

by · The Markets Daily

Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 67 shares, a decrease of 72.3% from the May 14th total of 242 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,452 shares, the days-to-cover ratio is currently 0.0 days.

Covestro Price Performance

Shares of Covestro stock remained flat at $34.30 during mid-day trading on Thursday. The company’s stock had a trading volume of 3,328 shares, compared to its average volume of 2,180. The company has a fifty day moving average price of $34.40 and a 200-day moving average price of $34.59. Covestro has a fifty-two week low of $31.62 and a fifty-two week high of $36.60. The stock has a market capitalization of $14.24 billion, a PE ratio of -13.56 and a beta of 0.90. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.24.

Covestro Company Profile

(Get Free Report)

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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