Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Down 58.3% in April

Covestro AG Sponsored ADR (OTCMKTS:COVTY) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 40 shares, a decline of 58.3% from the April 15th total of 96 shares. Based on an average trading volume of 6,034 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Covestro Price Performance

OTCMKTS:COVTY traded up $0.54 during trading hours on Friday, reaching $34.99. The stock had a trading volume of 593 shares, compared to its average volume of 2,230. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.53. Covestro has a 52 week low of $31.62 and a 52 week high of $36.60. The company has a 50 day moving average price of $34.27 and a two-hundred day moving average price of $34.63. The stock has a market capitalization of $14.53 billion, a PE ratio of -13.83 and a beta of 0.91.

Covestro (OTCMKTS:COVTY) last announced its earnings results on Thursday, February 26th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.67). The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Covestro had a negative return on equity of 13.22% and a negative net margin of 6.97%.

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.