Carbios SAS (OTCMKTS:COOSF) Short Interest Down 81.3% in April

Carbios SAS (OTCMKTS:COOSF) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,450 shares, a drop of 81.3% from the March 31st total of 7,741 shares. Based on an average trading volume of 111 shares, the short-interest ratio is currently 13.1 days.

Carbios SAS Stock Performance

Shares of COOSF stock remained flat at $9.72 during midday trading on Friday. 108 shares of the stock were exchanged, compared to its average volume of 754. The business’s fifty day moving average price is $9.96 and its 200 day moving average price is $10.98. Carbios SAS has a 52 week low of $7.20 and a 52 week 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.