Hexagon Composites ASA (OTCMKTS:HXGCF) Short Interest Down 73.3% in January

Hexagon Composites ASA (OTCMKTS:HXGCF) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 4,700 shares, a drop of 73.3% from the December 31st total of 17,600 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 5.2 days.

Hexagon Composites ASA Price Performance

HXGCF stock remained flat at $3.38 during mid-day trading on Wednesday. Hexagon Composites ASA has a fifty-two week low of $1.41 and a fifty-two week high of $4.36. The stock’s fifty day moving average is $3.75 and its 200 day moving average is $3.92.

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.