From MarketBeat:

The company Covestro AG saw a decrease in short interest on January 15th, with only 200 shares being shorted, down 33.3% from the previous month. The short-interest ratio is presently 0.0 days, based on an average daily volume of 22,900 shares.

Covestro stock traded up $0.70 during trading hours on Friday, reaching $26.66 and with a trading volume of 17,342 shares. The company has a 12-month low of $18.47 and a 12-month high of $31.76.

Covestro last announced its quarterly earnings results on Friday, October 27th, reporting ($0.09) EPS for the quarter and $3.88 billion in revenue, falling short of analysts’ expectations. On average, equities analysts predict Covestro will post -0.49 earnings per share for the current fiscal year.

Covestro AG develops, produces, and supplies high-performance materials and base chemicals to various industries, such as furniture, construction, automotive, and transportation. The company currently has a “Moderate Buy” rating among analysts.



Read more: Covestro AG (OTCMKTS:COVTY) Short Interest Down 33.3% in January