Covestro AG (OTCMKTS:COVTY) Short Interest Up 140.0% in February

Covestro AG (OTCMKTS:COVTY) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 3,600 shares, an increase of 140.0% from the January 31st total of 1,500 shares. Based on an average daily volume of 13,300 shares, the short-interest ratio is presently 0.3 days.

Covestro Trading Down 1.5 %

Shares of Covestro stock opened at $30.06 on Friday. The firm has a market capitalization of $11.36 billion, a PE ratio of -40.07 and a beta of 1.17. Covestro has a 12 month low of $24.12 and a 12 month high of $32.60. The business’s 50-day moving average price is $29.64 and its 200-day moving average price is $30.34.

Covestro (OTCMKTS:COVTY) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.95 billion. As a group, analysts predict that Covestro will post 0.03 earnings per share for the current fiscal year.

Covestro Company Profile

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.