Corbion (OTCMKTS:CSNVY – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 82 shares, a decline of 54.9% from the July 30th total of 182 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Corbion Stock Performance
CSNVY stock opened at $23.05 on Monday. Corbion has a 12-month low of $19.81 and a 12-month high of $25.50. The business’s 50-day moving average is $23.23 and its 200 day moving average is $22.73.
Analyst Upgrades and Downgrades
Separately, Oddo Bhf downgraded shares of Corbion to a “neutral” rating in a report on Monday, July 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average 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.
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