Short Interest in Evonik Industries AG (OTCMKTS:EVKIF) Expands By 64.9%

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 519,500 shares, a growth of 64.9% from the September 30th total of 315,100 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 432.9 days.

Evonik Industries Price Performance

OTCMKTS:EVKIF opened at $23.00 on Friday. The stock’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $20.76. Evonik Industries has a twelve month low of $16.90 and a twelve month high of $23.40.

Evonik Industries Company Profile

Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.