NEXE Innovations Inc. (OTCMKTS:NEXNF) Sees Significant Increase in Short Interest

NEXE Innovations Inc. (OTCMKTS:NEXNF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 55,952 shares, an increase of 74.7% from the May 31st total of 32,035 shares. Based on an average daily trading volume, of 19,845 shares, the short-interest ratio is currently 2.8 days.

NEXE Innovations Stock Up 0.8%

Shares of NEXE Innovations stock opened at $0.10 on Friday. The stock’s fifty day simple moving average is $0.11 and its 200 day simple moving average is $0.10. NEXE Innovations has a 12 month low of $0.08 and a 12 month high of $0.17.

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.