Short Interest in Evonik Industries AG (OTCMKTS:EVKIF) Declines By 13.4%

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 1,239,063 shares, a decline of 13.4% from the December 31st total of 1,430,997 shares. Based on an average daily volume of 290 shares, the days-to-cover ratio is currently 4,272.6 days. Based on an average daily volume of 290 shares, the days-to-cover ratio is currently 4,272.6 days.

Evonik Industries Price Performance

Shares of Evonik Industries stock remained flat at $15.20 on Tuesday. The stock had a trading volume of 5 shares, compared to its average volume of 1,388. The business has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $17.35. Evonik Industries has a 12 month low of $14.49 and a 12 month high of $24.50.

About Evonik Industries

Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.

The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.