Carbon Revolution Public Limited (NASDAQ:CREV) Short Interest Up 61.1% in June

Carbon Revolution Public Limited (NASDAQ:CREV) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,900 shares, an increase of 61.1% from the May 31st total of 1,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Craig Hallum dropped their target price on Carbon Revolution Public from $84.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th.

Carbon Revolution Public Stock Performance

Shares of Carbon Revolution Public stock traded down $0.17 during midday trading on Friday, hitting $7.03. The company had a trading volume of 2,064 shares, compared to its average volume of 7,468. Carbon Revolution Public has a 12-month low of $6.30 and a 12-month high of $197.99. The company has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $15.99.

About Carbon Revolution Public

Carbon Revolution Public Limited Company manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools. The company was founded in 2007 and is based in Dublin, Ireland.