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

Hexagon Composites ASA (OTCMKTS:HXGCF) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 88,700 shares, a growth of 33.4% from the January 31st total of 66,500 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 16.7 days.

Hexagon Composites ASA Price Performance

OTCMKTS HXGCF opened at $2.55 on Thursday. The firm’s fifty day moving average price is $2.92 and its 200 day moving average price is $3.56. Hexagon Composites ASA has a 12 month low of $1.41 and a 12 month 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.