Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 25 shares, a drop of 96.5% from the September 15th total of 714 shares. Based on an average trading volume of 31 shares, the days-to-cover ratio is currently 0.8 days.
Carbios SAS Stock Performance
OTCMKTS COOSF opened at $6.25 on Friday. The business’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $7.75. Carbios SAS has a 52 week low of $6.15 and a 52 week high of $17.50.
Carbios SAS Company Profile
Carbios SAS is a France-based biotechnology company that develops biological technologies for recycling plastic and textile waste. Founded in 2011, the company focuses on using engineered enzymes to break down difficult-to-recycle polymers into their basic building blocks, which can then be used to produce new materials with properties comparable to those made from virgin resources.
Its principal technology is an enzymatic process for recycling polyethylene terephthalate (PET), a plastic widely used in bottles, packaging and polyester textiles.
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