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

by · The Cerbat Gem

Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 40 shares, a drop of 58.3% from the April 15th total of 96 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,034 shares, the days-to-cover ratio is presently 0.0 days.

Covestro Price Performance

OTCMKTS:COVTY remained flat at $34.45 during mid-day trading on Friday. 2,300 shares of the company were exchanged, compared to its average volume of 2,551. The business has a 50 day simple moving average of $34.27 and a 200-day simple moving average of $34.63. The stock has a market capitalization of $14.31 billion, a PE ratio of -13.62 and a beta of 0.91. 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 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 announced its quarterly earnings data 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). The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.42 billion. Covestro had a negative net margin of 6.97% and a negative return on equity of 13.22%.

About Covestro

(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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