Evonik Industries AG (OTCMKTS:EVKIF) Sees Significant Increase in Short Interest

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 347,062 shares, an increase of 97.7% from the June 30th total of 175,571 shares. Based on an average trading volume of 70 shares, the short-interest ratio is currently 4,958.0 days.

Evonik Industries Price Performance

OTCMKTS EVKIF remained flat at $18.71 during trading hours on Friday. The firm has a 50 day moving average of $19.09 and a two-hundred day moving average of $18.37. Evonik Industries has a 52 week low of $14.49 and a 52 week high of $22.22.

About Evonik Industries

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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.

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