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

Carbon Revolution Public Limited Company (NASDAQ:CREV) was the target of a significant growth in short interest in 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 trading volume of 191,907 shares, the short-interest ratio is currently 0.3 days. Currently, 3.3% of the company’s stock are short sold. Currently, 3.3% of the company’s stock are short sold. Based on an average trading volume of 191,907 shares, the short-interest ratio is currently 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 transaction, the insider directly owned 218,000 shares of the company’s stock, valued at approximately $654,000. This represents a 68.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Carbon Revolution Public Trading Up 26.4%

Shares of Carbon Revolution Public stock opened at $2.01 on Thursday. Carbon Revolution Public has a 12-month low of $1.48 and a 12-month high of $9.45. The business’s 50 day moving average is $2.98 and its 200-day moving average is $3.60.

About Carbon Revolution Public

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.