Carbios SAS (OTCMKTS:COOSF – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 237 shares, a decrease of 62.0% from the August 15th total of 624 shares. Based on an average daily trading volume, of 79 shares, the days-to-cover ratio is currently 3.0 days.
Carbios SAS Stock Down 1.4%
Shares of COOSF traded down $0.09 during midday trading on Friday, reaching $6.41. The company had a trading volume of 256 shares, compared to its average volume of 1,059. Carbios SAS has a 1-year low of $6.15 and a 1-year high of $17.50. The firm has a 50 day simple moving average of $6.87 and a 200-day simple moving average of $8.26.
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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