Short Interest in Hexagon Composites ASA (OTCMKTS:HXGCF) Increases By 186.2%

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 253,900 shares, a growth of 186.2% from the February 13th total of 88,700 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 230.8 days.

Hexagon Composites ASA Stock Performance

Shares of OTCMKTS:HXGCF remained flat at $2.20 during trading hours on Friday. The stock’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $3.39. Hexagon Composites ASA has a 52 week low of $1.41 and a 52 week high of $4.36.

Hexagon Composites ASA Company Profile

Hexagon Composites ASA, together with its subsidiaries, engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. The company operates through Hexagon Agility, Hexagon Ragasco, and Hexagon Digital Wave segments. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation; and gas distribution solutions.