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

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 46,700 shares, a drop of 23.1% from the December 15th total of 60,700 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 116.8 days.

Evonik Industries Stock Performance

Shares of OTCMKTS:EVKIF opened at $16.05 on Friday. Evonik Industries has a 12-month low of $16.05 and a 12-month high of $23.40. The business’s fifty day simple moving average is $17.73 and its 200-day simple moving average is $19.96.

About Evonik Industries

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.