Hexagon Composites ASA (OTCMKTS:HXGCF) Short Interest Down 73.3% in January

Hexagon Composites ASA (OTCMKTS:HXGCF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 4,700 shares, a decrease of 73.3% from the December 31st total of 17,600 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 5.2 days.

Hexagon Composites ASA Stock Performance

Shares of OTCMKTS:HXGCF remained flat at $3.38 during trading on Wednesday. The company’s 50-day moving average price is $3.75 and its 200-day moving average price is $3.92. 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.