Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 800 shares, a decline of 64.2% from the May 14th total of 2,235 shares. Based on an average daily trading volume, of 408 shares, the days-to-cover ratio is presently 2.0 days.
Carbios SAS Stock Performance
Shares of Carbios SAS stock remained flat at $8.61 during trading hours on Friday. The business’s 50-day simple moving average is $9.14 and its 200 day simple moving average is $10.91. Carbios SAS has a fifty-two week low of $7.86 and a fifty-two week 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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