LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) Sees Large Drop in Short Interest

LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 355,585 shares, a decline of 53.1% from the April 15th total of 757,887 shares. Based on an average daily volume of 518 shares, the days-to-cover ratio is currently 686.5 days.

LANXESS Aktiengesellschaft Stock Performance

LNXSF remained flat at $20.80 during midday trading on Friday. The business has a fifty day moving average price of $19.13 and a 200-day moving average price of $20.44. LANXESS Aktiengesellschaft has a 52 week low of $13.51 and a 52 week high of $33.20.

LANXESS Aktiengesellschaft Company Profile

LANXESS Aktiengesellschaft is a specialty chemicals company headquartered in Cologne, Germany, with a global footprint across Europe, the Americas and Asia-Pacific. The company develops, manufactures and markets chemical intermediates, additives, specialty chemicals and plastics for a broad spectrum of industries. By focusing on high-value, technology-driven products, LANXESS aims to address customers’ performance, safety and sustainability requirements.

The company operates through several core segments, including Advanced Intermediates, which produces bromine and other halogen chemicals; Specialty Additives, offering flame retardants, antioxidants and plasticizers; Engineering Materials, supplying high-performance plastics such as polyamides and polybutylene terephthalate; and Consumer Protection, covering biocides, disinfection and personal care solutions.