Short Interest in Hexagon Composites ASA (OTCMKTS:HXGCF) Drops By 73.3%

Hexagon Composites ASA (OTCMKTS:HXGCF) saw a significant drop in short interest in the month of 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 Stock Performance

OTCMKTS:HXGCF remained flat at $3.38 during trading hours on Wednesday. The stock has a 50 day moving average of $3.77 and a two-hundred day moving average of $3.93. Hexagon Composites ASA has a one year low of $1.41 and a one year high of $4.36.

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.