Carbon Revolution Public Limited (NASDAQ:CREV - Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,600 shares, a drop of 60.0% from the March 31st total of 4,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 0.3 days.
Carbon Revolution Public Stock Performance
CREV stock traded up $0.05 during midday trading on Friday, reaching $14.10. The stock had a trading volume of 1,003 shares, compared to its average volume of 9,108. The firm has a fifty day moving average price of $14.40. Carbon Revolution Public has a 52-week low of $7.45 and a 52-week high of $197.99.
Analysts Set New Price Targets
Separately, Craig Hallum decreased their price objective on Carbon Revolution Public from $84.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday, April 10th.
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About Carbon Revolution Public
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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.
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