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

Hexagon Composites ASA (OTCMKTS:HXGCF) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 300 shares, a drop of 99.6% from the November 15th total of 68,200 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 1.5 days.

Hexagon Composites ASA Stock Performance

HXGCF remained flat at $4.20 during trading on Friday. Hexagon Composites ASA has a fifty-two week low of $1.41 and a fifty-two week high of $4.36. The business’s fifty day moving average is $4.14 and its two-hundred day moving average is $3.93.

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.