Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Down 17.7% in June

Evonik Industries AG (OTCMKTS:EVKIF) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 348,000 shares, a drop of 17.7% from the May 31st total of 422,900 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1,740.0 days.

Evonik Industries Price Performance

EVKIF remained flat at $19.35 during midday trading on Friday. The company’s stock had a trading volume of 28 shares, compared to its average volume of 453. The firm has a fifty day simple moving average of $20.56 and a two-hundred day simple moving average of $19.61. Evonik Industries has a 12-month low of $16.90 and a 12-month high of $22.30.

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.