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

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

Evonik Industries Stock Performance

Shares of EVKIF opened at $18.20 on Friday. Evonik Industries has a fifty-two week low of $16.05 and a fifty-two week high of $23.40. The firm has a 50-day simple moving average of $17.32 and a 200-day simple moving average of $19.77.

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.