Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Down 35.6% in February

Evonik Industries AG (OTCMKTS:EVKIF) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 691,726 shares, a drop of 35.6% from the February 12th total of 1,074,266 shares. Based on an average trading volume of 244 shares, the short-interest ratio is currently 2,834.9 days. Based on an average trading volume of 244 shares, the short-interest ratio is currently 2,834.9 days.

Evonik Industries Stock Performance

Shares of Evonik Industries stock opened at $16.44 on Friday. Evonik Industries has a 52-week low of $14.49 and a 52-week high of $24.23. The company’s 50-day simple moving average is $16.43 and its 200-day simple moving average is $16.74.

About Evonik Industries

Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.

The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.