Short Interest in Carbon Revolution Public Limited Company (NASDAQ:CREV) Expands By 31.6%

Carbon Revolution Public Limited Company (NASDAQ:CREV) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 81,388 shares, an increase of 31.6% from the December 15th total of 61,832 shares. Based on an average trading volume of 242,929 shares, the short-interest ratio is presently 0.3 days. Approximately 4.3% of the shares of the company are short sold. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 242,929 shares, the short-interest ratio is presently 0.3 days.

Insider Activity at Carbon Revolution Public

In other 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 sale, the insider directly owned 218,000 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.

Carbon Revolution Public Stock Performance

Shares of CREV opened at $1.69 on Friday. Carbon Revolution Public has a 12 month low of $1.48 and a 12 month high of $9.20. The stock has a fifty day moving average price of $1.90 and a 200 day moving average price of $3.50.

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.