Corporate Universe (OTC PINK:COUV)previously closed up more than 53% at $0.3291. The stock went up to $0.3599 at the same session, while its lowest single-day price was $0.2301. Meanwhile, its last 52-week range was noted as 0.0003 to 0.4495.
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With a daily average trading volume of 8,984,020 shares on November 30, 2020, short interest in COUV declined by -81.29%. A day to cover the temporary position was 1. The increase in short interest suggests a bullish sentiment toward the stock.
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On December 30, 2020, Corporate Universe, which has previously announced a Letter of Intent to acquire Carbon Ion, revealed several developments. Although the parties had initially agreed on a close date before the end of the year, the holiday season and complexity of the transaction have caused the timeline to slip.
Having retained a prominent New York-based Law Firm, Carbon Ion will be working with them towards a prompt closing. Besides providing securities advice, they also provide comprehensive representation in intellectual property and contract law, which will be advantageous to the company going forward.
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As a point of clarification, our prior release stated the company name to be Carbon-Ion Energy Storage Ltd, precisely Solutions for Startup Ventures Ltd, which is a party to this transaction. The assets, once consolidated, will be held by Carbon-Ion Energy, Inc.