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

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 297,244 shares, a decrease of 54.6% from the August 15th total of 654,753 shares. Based on an average daily trading volume, of 187 shares, the days-to-cover ratio is presently 1,589.5 days.

Evonik Industries Stock Performance

Shares of EVKIF opened at $22.42 on Monday. Evonik Industries has a 52 week low of $14.49 and a 52 week high of $23.93. The stock has a 50 day moving average of $20.60 and a 200-day moving average of $19.50.

Evonik Industries Company Profile

(Get Free Report)

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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