Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Up 141.8% in March

Evonik Industries AG (OTCMKTS:EVKIF) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 671,100 shares, an increase of 141.8% from the February 28th total of 277,600 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 745.7 days.

Evonik Industries Stock Performance

Evonik Industries stock remained flat at $22.53 during mid-day trading on Friday. The company’s stock had a trading volume of 3,463 shares, compared to its average volume of 1,472. The stock has a fifty day moving average price of $20.01 and a 200-day moving average price of $19.99. Evonik Industries has a 52 week low of $16.05 and a 52 week high of $24.50.

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.