Corbion (OTCMKTS:CSNVY – Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 400 shares, an increase of 33.3% from the May 15th total of 300 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 2.0 days.
Corbion Stock Performance
Corbion stock opened at $22.73 on Thursday. Corbion has a 12 month low of $18.75 and a 12 month high of $28.56. The stock’s 50 day simple moving average is $20.58 and its two-hundred day simple moving average is $21.97.
Corbion Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 20th were given a $0.5446 dividend. This represents a yield of 2.5%. The ex-dividend date was Monday, May 19th. This is a positive change from Corbion’s previous dividend of $0.48. Corbion’s dividend payout ratio is currently 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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