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

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 444,900 shares, an increase of 75.2% from the February 28th total of 253,900 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is currently 58.5 days.

Hexagon Composites ASA Stock Down 7.1 %

Hexagon Composites ASA stock opened at $1.95 on Monday. The company’s 50 day moving average is $2.33. Hexagon Composites ASA has a twelve month low of $1.41 and a twelve 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.