Short Interest in Corbion (OTCMKTS:CSNVY) Declines By 64.6%

Corbion (OTCMKTS:CSNVY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 114 shares, a decline of 64.6% from the May 14th total of 322 shares. Based on an average daily trading volume, of 64 shares, the days-to-cover ratio is presently 1.8 days.

Corbion Stock Performance

OTCMKTS:CSNVY remained flat at $21.83 during trading hours on Friday. The firm’s fifty day moving average price is $21.75 and its 200 day moving average price is $22.12. Corbion has a 1-year low of $19.81 and a 1-year high of $25.50.

Corbion Company Profile

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.