Corbion (OTCMKTS:CSNVY) Short Interest Down 53.8% in April

Corbion (OTCMKTS:CSNVYGet Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 600 shares, a decline of 53.8% from the April 15th total of 1,300 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 3.0 days.

A number of equities research analysts have recently weighed in on CSNVY shares. Berenberg Bank dropped their price objective on Corbion from €45.00 ($47.37) to €36.00 ($37.89) and set a “hold” rating for the company in a research note on Tuesday, March 1st. Oddo Bhf raised Corbion from a “neutral” rating to an “outperform” rating and set a €45.00 ($47.37) price objective for the company in a research note on Friday, January 28th. Finally, Barclays dropped their price objective on Corbion from €43.00 ($45.26) to €40.00 ($42.11) in a research note on Tuesday, March 1st.

OTCMKTS:CSNVY opened at $31.00 on Friday. The stock has a fifty day moving average price of $33.63 and a 200 day moving average price of $40.75. Corbion has a 12-month low of $31.00 and a 12-month high of $60.60.

Corbion Company Profile (Get Rating)

Corbion N.V. provides lactic acid and lactic acid derivatives, emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients worldwide. The company offers ingredient solutions made from renewable resources for the food, home and personal care, pharmaceutical, animal nutrition, medical device, and bioplastics markets.

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