Carbon Revolution Public Limited (NASDAQ:CREV – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,600 shares, a drop of 60.0% from the March 31st total of 4,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 0.3 days.
Carbon Revolution Public Stock Performance
CREV stock traded up $0.05 during midday trading on Friday, reaching $14.10. The stock had a trading volume of 1,003 shares, compared to its average volume of 9,108. The firm has a fifty day moving average price of $14.40. Carbon Revolution Public has a 52-week low of $7.45 and a 52-week high of $197.99.
Analysts Set New Price Targets
Separately, Craig Hallum decreased their price objective on Carbon Revolution Public from $84.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th.
About Carbon Revolution Public
Carbon Revolution Public Limited Company manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools. The company was founded in 2007 and is based in Dublin, Ireland.
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