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

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

Insider Buying and Selling

In related news, major shareholder Niraj Kumar Vovra sold 464,217 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $3.00, for a total transaction of $1,392,651.00. Following the completion of the sale, the insider owned 218,000 shares in the company, valued at $654,000. This represents a 68.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Carbon Revolution Public Stock Performance

NASDAQ CREV traded up $0.42 during trading on Wednesday, hitting $2.01. The company’s stock had a trading volume of 771,753 shares, compared to its average volume of 300,305. Carbon Revolution Public has a 52 week low of $1.48 and a 52 week high of $9.45. The firm has a 50 day moving average price of $3.02 and a 200 day moving average price of $3.61.

Carbon Revolution Public Company Profile

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.