NEXE Innovations Inc. (OTCMKTS:NEXNF) Short Interest Update

NEXE Innovations Inc. (OTCMKTS:NEXNF) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 25,008 shares, a decline of 44.3% from the January 15th total of 44,935 shares. Based on an average daily volume of 15,430 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 15,430 shares, the days-to-cover ratio is currently 1.6 days.

NEXE Innovations Price Performance

Shares of OTCMKTS NEXNF opened at $0.09 on Friday. The company’s fifty day moving average is $0.09 and its 200-day moving average is $0.12. NEXE Innovations has a twelve month low of $0.08 and a twelve month high of $0.25.

NEXE Innovations Company Profile

NEXE Innovations is a Canada-based materials technology company that develops and commercializes proprietary cellulose fiber extraction systems. Its flagship 360 Technology platform processes wood residuals, recycled paper and agricultural byproducts into purified cellulose fiber suited for a range of industrial applications. The company operates a demonstration facility in Quebec and serves markets across North America, targeting the forest products, paper, packaging and construction sectors.

Using its 360 Technology, NEXE Innovations produces sustainable building materials, such as fiber-based cement boards, wood fiber panels and nonwoven mats for insulation and packaging reinforcement.