Carbon Revolution Public Limited Company (NASDAQ:CREV) Short Interest Update

Carbon Revolution Public Limited Company (NASDAQ:CREV) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 42,768 shares, a drop of 47.5% from the December 31st total of 81,388 shares. Based on an average daily trading volume, of 25,690 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.3% of the shares of the company are sold short. Approximately 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 25,690 shares, the days-to-cover ratio is currently 1.7 days.

Insider Activity

In related news, major shareholder Niraj Kumar Vovra sold 111,654 shares of the company’s stock in a transaction dated 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 directly owned 57,217 shares in the company, valued at approximately $111,573.15. This represents a 66.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Carbon Revolution Public Price Performance

NASDAQ CREV opened at $1.59 on Friday. The firm has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $3.33. Carbon Revolution Public has a 12-month low of $1.48 and a 12-month high of $9.20.

About Carbon Revolution Public

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.