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Covestro: Citadel Advisors short position exceeds disclosure threshold – Aktiennews (aktiencheck.de)

Leverkusen (www.aktiencheck.de) – Short seller Citadel Advisors LLC increases net short position in shares of Covestro AG:

The short sellers of the hedge fund Citadel Advisors LLC let their short exposure in the shares of the plastics specialist Covestro AG (ISIN: DE0006062144, WKN: 606214, ticker symbol: 1COV) exceed the disclosure threshold.

The financial professionals of the hedge fund Citadel Advisors LLC, founded by Kenneth C. Griffin and based in Chicago, Illinois, USA, increased their net short position in Covestro shares from 0.48% to 0.51% on November 18, 2022.

The hedge fund short sellers currently hold the following net short positions in Covestro shares:

0,82% Point72 Europe (London) LLP (18.11.2022)
0,59% WorldQuant, LLC (18.11.2022)
0,51% Citadel Advisors LLC (18.11.2022)
0,50% Marshall Wace LLP (18.11.2022)

Overall, the short sellers of the major hedge funds currently hold at least 2.42% net short positions in Covestro shares. Rates below 0.50% are not considered in our reporting as not subject to publication.

Stock exchanges for Covestro shares:

Tradegate share price Covestro share:
35,20 EUR -3,14% (21.11.2022, 16:03)

XETRA share price Covestro share:
34,94 EUR -3,72% (21.11.2022, 15:52)

ISIN Covestro share:
DE0006062144

WKN Covestro share:
606214

Ticker symbol Covestro share:
1 COV

Brief profile of Covestro AG:

Covestro (ISIN: DE0006062144, WKN: 606214, ticker symbol: 1COV) is one of the world’s leading manufacturers of high-quality plastics and their components. With its innovative products and processes, the company contributes to more sustainability and quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, construction and living as well as electrical and electronics. In addition, the polymers from Covestro are used in areas such as sports and leisure, cosmetics, health and in the chemical industry itself.

The company is fully geared towards the circular economy and aims to become carbon neutral (Scope 1 and 2) by 2035. In the 2021 fiscal year, Covestro generated sales of EUR 15.9 billion. As of the end of 2021, the company produces at 50 locations worldwide and employs around 17,900 people (full-time equivalents). (21.11.2022/ac/a/d)

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