Corbion (OTCMKTS:CSNVY – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 200 shares, a decline of 71.4% from the May 31st total of 700 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 0.3 days.
Corbion Price Performance
Shares of CSNVY stock remained flat at $21.22 during trading hours on Friday. Corbion has a one year low of $16.93 and a one year high of $25.08. The company’s 50-day simple moving average is $21.68 and its two-hundred day simple moving average is $21.13.
Corbion Increases Dividend
The firm also recently declared a dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th were issued a dividend of $0.4836 per share. The ex-dividend date was Friday, May 17th. This is a positive change from Corbion’s previous dividend of $0.08. Corbion’s payout ratio is 128.66%.
About Corbion
Corbion N.V. provides lactic acid and lactic acid derivatives, other ferment, functional enzyme blends, minerals, vitamins, and algae ingredients worldwide. It offers ingredient solutions for the food, home and personal care, animal nutrition, supplements, pharmaceuticals, medical devices, and bioplastics markets.
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