Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 544 shares, a drop of 62.5% from the April 15th total of 1,450 shares. Based on an average daily volume of 270 shares, the short-interest ratio is currently 2.0 days.
Carbios SAS Price Performance
Shares of COOSF stock remained flat at $8.59 during mid-day trading on Friday. 60 shares of the stock were exchanged, compared to its average volume of 744. Carbios SAS has a 12-month low of $7.20 and a 12-month high of $17.50. The firm’s 50 day moving average price is $9.35 and its 200 day moving average price is $10.96.
Carbios SAS Company Profile
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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