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

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

Hexagon Composites ASA Stock Performance

OTCMKTS HXGCF opened at $2.55 on Thursday. The business’s fifty day moving average is $2.92 and its 200 day moving average is $3.56. Hexagon Composites ASA has a fifty-two week low of $1.41 and a fifty-two week 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.