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

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 242 shares, a growth of 505.0% from the April 30th total of 40 shares. Based on an average trading volume of 3,758 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Covestro Stock Performance

COVTY stock traded down $0.61 during trading hours on Thursday, reaching $34.09. The stock had a trading volume of 617 shares, compared to its average volume of 4,214. The stock has a 50-day simple moving average of $34.28 and a 200 day simple moving average of $34.62. 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 $14.16 billion, a PE ratio of -13.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.53 and a quick ratio of 0.88.

Covestro (OTCMKTS:COVTY) last released its quarterly earnings data on Thursday, February 26th. The company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($1.67). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.42 billion. Covestro had a negative return on equity of 13.22% and a negative net margin of 6.97%.

Covestro Company Profile

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.