Corbion (OTCMKTS:CSNVY) Short Interest Down 54.9% in August

Corbion (OTCMKTS:CSNVY) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 82 shares, a drop of 54.9% from the July 30th total of 182 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, Oddo Bhf lowered Corbion to a “neutral” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Corbion currently has an average rating of “Hold”.

Corbion Price Performance

OTCMKTS:CSNVY remained flat at $23.05 on Friday. The company has a fifty day moving average of $23.23 and a two-hundred day moving average of $22.74. Corbion has a 52-week low of $19.81 and a 52-week 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.