Avantium (OTCMKTS:AVTXF) Sees Significant Increase in Short Interest

Avantium (OTCMKTS:AVTXF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,300 shares, an increase of 475.0% from the February 28th total of 400 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 2.1 days.

Avantium Price Performance

Shares of OTCMKTS:AVTXF traded down C$0.10 during trading on Wednesday, hitting C$1.50. 1,300 shares of the stock traded hands, compared to its average volume of 1,223. The company has a fifty day moving average price of C$1.78 and a two-hundred day moving average price of C$2.08. Avantium has a 52-week low of C$1.42 and a 52-week high of C$3.37.

Avantium Company Profile

Avantium N.V., a chemical technology company, develops and commercializes renewable chemistry solutions in the Netherlands. The company operates through three segments: Avantium R&D Solutions, Avantium Renewable Chemistries, and Avantium Renewable Polymers. It offers furandicarboxylic acid, a building block for polyethylene furanoate (PEF); and PEF, a plant-based recyclable plastic for use as packaging material.