Carbon Revolution Public Limited Company (NASDAQ:CREV) Sees Significant Increase in Short Interest

Carbon Revolution Public Limited Company (NASDAQ:CREVGet Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 81,388 shares, an increase of 31.6% from the December 15th total of 61,832 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 242,929 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 242,929 shares, the short-interest ratio is currently 0.3 days. Approximately 4.3% of the company’s stock are short sold.

Carbon Revolution Public Trading Up 0.6%

Shares of NASDAQ:CREV traded up $0.01 during trading on Monday, hitting $1.69. The company’s stock had a trading volume of 17,482 shares, compared to its average volume of 147,446. Carbon Revolution Public has a fifty-two week low of $1.48 and a fifty-two week high of $9.20. The stock’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $3.51.

Insider Transactions at Carbon Revolution Public

In other Carbon Revolution Public news, major shareholder Niraj Kumar Vovra sold 111,654 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $1.95, for a total value of $217,725.30. Following the transaction, the insider owned 57,217 shares in the company, valued at $111,573.15. The trade was a 66.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

About Carbon Revolution Public

(Get Free Report)

Carbon Revolution Public Ltd. (NASDAQ: CREV) is an Australia‐based designer and manufacturer of one‐piece carbon fiber wheels for premium and performance passenger vehicles. The company’s proprietary carbon fiber winding and molding processes produce wheels that reduce unsprung mass, enhance fuel efficiency and improve handling. These advanced composite wheels are engineered to meet the stringent safety and performance standards required by leading automotive original equipment manufacturers (OEMs).

At its manufacturing facility in Geelong, Victoria, Carbon Revolution operates an automated production line that integrates carbon fiber preforms, resin infusion and high-pressure molding.

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