Covestro AG Sponsored ADR (OTCMKTS:COVTY) Short Interest Update

Covestro AG Sponsored ADR (OTCMKTS:COVTY) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 40 shares, a drop 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 currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Covestro Stock Up 1.6%

Covestro stock opened at $34.99 on Friday. Covestro has a twelve month low of $31.62 and a twelve month high of $36.60. The stock has a 50 day moving average of $34.27 and a two-hundred day moving average of $34.63. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of -13.83 and a beta of 0.91.

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

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.