Carbon Revolution Public Limited Company (NASDAQ:CREV) Short Interest Update

Carbon Revolution Public Limited Company (NASDAQ:CREV) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 42,768 shares, a drop of 47.5% from the December 31st total of 81,388 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,690 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 25,690 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.3% of the shares of the stock are sold short.

Carbon Revolution Public Price Performance

Shares of CREV stock traded down $0.03 during trading hours on Friday, reaching $1.59. 52,914 shares of the stock were exchanged, compared to its average volume of 20,776. Carbon Revolution Public has a 12-month low of $1.48 and a 12-month high of $9.20. The company’s 50-day moving average price is $1.77 and its 200-day moving average price is $3.35.

Insiders Place Their Bets

In other Carbon Revolution Public news, major shareholder Niraj Kumar Vovra sold 464,217 shares of Carbon Revolution Public stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.00, for a total value of $1,392,651.00. Following the completion of the transaction, the insider directly owned 218,000 shares of the company’s stock, valued at $654,000. This trade represents a 68.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.

About Carbon Revolution Public

Carbon Revolution Public Ltd. (NASDAQ: CREV) is an Australia?based designer and manufacturer of one?piece carbon fiber wheels for premium and performance passenger vehicles. The company’s proprietary carbon fiber winding and molding processes produce wheels that reduce unsprung mass, enhance fuel efficiency and improve handling. These advanced composite wheels are engineered to meet the stringent safety and performance standards required by leading automotive original equipment manufacturers (OEMs).

At its manufacturing facility in Geelong, Victoria, Carbon Revolution operates an automated production line that integrates carbon fiber preforms, resin infusion and high-pressure molding.