Evonik Industries AG (OTCMKTS:EVKIF) Short Interest Update

Evonik Industries AG (OTCMKTS:EVKIF) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 150,232 shares, a drop of 35.1% from the March 15th total of 231,428 shares. Based on an average daily trading volume, of 38 shares, the short-interest ratio is presently 3,953.5 days.

Evonik Industries Price Performance

Shares of Evonik Industries stock remained flat at $20.00 on Wednesday. The company’s 50-day simple moving average is $17.52 and its 200 day simple moving average is $16.48. Evonik Industries has a one year low of $14.49 and a one year high of $23.50.

Evonik Industries Company Profile

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.