Carbon Revolution Public Limited (NASDAQ:CREV) Short Interest Update

Carbon Revolution Public Limited (NASDAQ:CREV - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,000 shares, a growth of 17.6% from the March 15th total of 3,400 shares. Based on an average daily trading volume, of 8,100 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Carbon Revolution Public Trading Down 9.3 %

CREV stock traded down $1.40 during mid-day trading on Friday, reaching $13.60. The company's stock had a trading volume of 4,274 shares, compared to its average volume of 6,029. Carbon Revolution Public has a fifty-two week low of $7.45 and a fifty-two week high of $197.99. The company's 50 day moving average price is $14.53.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum decreased their price target on shares of Carbon Revolution Public from $84.00 to $39.00 and set a "buy" rating on the stock in a research note on Wednesday.

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.