Corbion (OTCMKTS:CSNVY) Short Interest Down 54.9% in August

Corbion (OTCMKTS:CSNVY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 82 shares, a decrease of 54.9% from the July 30th total of 182 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Corbion Price Performance

Shares of OTCMKTS:CSNVY remained flat at $23.05 during trading on Friday. Corbion has a 1 year low of $19.81 and a 1 year high of $25.50. The stock’s 50-day moving average price is $23.23 and its 200-day moving average price is $22.74.

Analysts Set New Price Targets

Separately, Oddo Bhf downgraded shares of Corbion to a “neutral” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Corbion

Corbion NV (OTCMKTS: CSNVY) is a global leader in sustainable food and biobased ingredients. Headquartered in Amsterdam, the company specializes in the development, production and sale of lactic acid and its derivatives, emulsifiers, enzymes and bio-preservation solutions. Corbion’s products are used to improve food quality and safety, extend shelf life, enhance nutritional value and support environmentally friendly materials.

The company’s core offerings include high-purity lactic acid, lactides for use in polylactic acid (PLA) bioplastics, and a range of specialty emulsifiers and enzymes for bakery, dairy, meat and plant-based applications.