Short Interest in Carbon Revolution Public Limited Company (NASDAQ:CREV) Rises By 2,341.1%

by · The Cerbat Gem

Carbon Revolution Public Limited Company (NASDAQ:CREV – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 61,832 shares, an increase of 2,341.1% from the November 30th total of 2,533 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 191,907 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 191,907 shares, the short-interest ratio is presently 0.3 days. Approximately 3.3% of the company’s stock are sold short.

Insider Activity at Carbon Revolution Public

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

Carbon Revolution Public Trading Up 26.4%

NASDAQ CREV traded up $0.42 during trading on Wednesday, reaching $2.01. 771,753 shares of the company’s stock were exchanged, compared to its average volume of 300,305. Carbon Revolution Public has a fifty-two week low of $1.48 and a fifty-two week high of $9.45. The company’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $3.61.

Carbon Revolution Public Company Profile

(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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