Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 714 shares, an increase of 201.3% from the August 31st total of 237 shares. Based on an average trading volume of 110 shares, the short-interest ratio is presently 6.5 days.
Carbios SAS Price Performance
COOSF remained flat at $6.41 during trading hours on Friday. The firm’s 50 day moving average is $6.85 and its 200-day moving average is $7.97. Carbios SAS has a 1-year low of $6.15 and a 1-year high of $17.50.
About Carbios SAS
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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