Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Down 85.8% in March

Evonik Industries AG (OTCMKTS:EVKIF) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 95,300 shares, a decline of 85.8% from the March 15th total of 671,100 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 41.4 days.

Evonik Industries Price Performance

EVKIF traded up $0.90 during trading on Tuesday, reaching $21.00. 1,000 shares of the company were exchanged, compared to its average volume of 1,428. Evonik Industries has a 52 week low of $16.05 and a 52 week high of $24.50. The firm has a 50 day moving average of $20.90 and a 200 day moving average of $19.82.

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.