Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 67 shares, a drop of 72.3% from the May 14th total of 242 shares. Based on an average trading volume of 4,452 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Covestro Stock Up 0.1%
COVTY stock traded up $0.05 during mid-day trading on Friday, reaching $33.93. The company had a trading volume of 2,919 shares, compared to its average volume of 2,278. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.53. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of -13.41 and a beta of 0.90. The firm has a fifty day simple moving average of $34.39 and a 200 day simple moving average of $34.58. Covestro has a fifty-two week low of $31.62 and a fifty-two week high of $36.60.
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.
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