Hexagon Composites ASA (OTCMKTS:HXGCF) Sees Large Increase in Short Interest

Hexagon Composites ASA (OTCMKTS:HXGCF) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 66,500 shares, an increase of 2,670.8% from the January 15th total of 2,400 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is currently 44.3 days.

Hexagon Composites ASA Stock Performance

Shares of HXGCF traded down $0.09 on Wednesday, hitting $3.08. 11,900 shares of the stock traded hands, compared to its average volume of 2,750. Hexagon Composites ASA has a 1 year low of $1.41 and a 1 year high of $4.36. The stock’s 50 day moving average is $3.49 and its two-hundred day moving average is $3.87.

About Hexagon Composites ASA

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.