Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 800 shares, a decrease of 64.2% from the May 14th total of 2,235 shares. Based on an average daily volume of 408 shares, the days-to-cover ratio is presently 2.0 days.
Carbios SAS Price Performance
OTCMKTS:COOSF remained flat at $8.61 during trading hours on Friday. The stock’s fifty day moving average price is $9.12 and its 200 day moving average price is $10.89. Carbios SAS has a twelve month low of $7.86 and a twelve 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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