Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Down 40.3% in June

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 40 shares, a decrease of 40.3% from the May 31st total of 67 shares. Based on an average daily trading volume, of 5,260 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Covestro Trading Down 0.8%

COVTY stock traded down $0.26 during midday trading on Wednesday, reaching $32.93. The company’s stock had a trading volume of 10,687 shares, compared to its average volume of 4,012. The business’s 50-day simple moving average is $34.31 and its 200-day simple moving average is $34.55. 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 52 week low of $31.62 and a 52 week high of $36.60. The stock has a market cap of $13.68 billion, a PE ratio of -13.02 and a beta of 0.90.

About Covestro

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.