Covestro AG (OTCMKTS:COVTY) Short Interest Update

Covestro AG (OTCMKTS:COVTY) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 900 shares, a decline of 89.7% from the October 31st total of 8,700 shares. Based on an average daily trading volume, of 26,300 shares, the days-to-cover ratio is presently 0.0 days.

Covestro Trading Up 0.7 %

COVTY stock traded up $0.20 during midday trading on Thursday, hitting $30.28. The company had a trading volume of 12,445 shares, compared to its average volume of 25,508. Covestro has a 52 week low of $24.12 and a 52 week high of $32.60. The stock’s 50 day moving average price is $31.08 and its 200 day moving average price is $29.62. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of -40.92 and a beta of 1.18.

Covestro (OTCMKTS:COVTY) last posted its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $3.96 billion for the quarter. Analysts predict that Covestro will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup upgraded Covestro to a “hold” rating in a research report on Thursday, October 3rd. Barclays upgraded Covestro to a “hold” rating in a research report on Wednesday, October 9th.

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.