Carbios SAS (OTCMKTS:COOSF – Get Free Report) was the target of a large decrease in short interest in the month of 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 volume of 79 shares, the days-to-cover ratio is presently 3.0 days.
Carbios SAS Stock Performance
Carbios SAS stock opened at $6.41 on Tuesday. The firm’s 50 day moving average price is $6.87 and its 200-day moving average price is $8.20. Carbios SAS has a 1 year low of $6.15 and a 1 year high of $17.50.
Carbios SAS Company Profile
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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