Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 544 shares, a decrease of 62.5% from the April 15th total of 1,450 shares. Based on an average trading volume of 270 shares, the days-to-cover ratio is currently 2.0 days.
Carbios SAS Stock Performance
Shares of OTCMKTS:COOSF remained flat at $8.59 during trading hours on Thursday. 2,000 shares of the company’s stock traded hands, compared to its average volume of 744. The firm has a fifty day moving average price of $9.39 and a two-hundred day moving average price of $10.98. Carbios SAS has a 12 month low of $7.20 and a 12 month high of $17.50.
About Carbios SAS
Carbios SAS is a France?based biotechnology company specializing in the development of enzymatic processes to recycle and biodegrade PET plastics and polyester textiles. Founded in 2011 and headquartered in Clermont-Ferrand, Carbios has pioneered industrial enzymes capable of depolymerizing post?consumer PET into its original monomers. These monomers can then be purified and repolymerized into virgin?quality PET, offering a circular solution to plastic waste.
The company’s core technology relies on proprietary engineered hydrolase enzymes that accelerate the breakdown of polyethylene terephthalate under mild conditions.
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