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

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a significant increase in short interest in 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 short-interest ratio is presently 16.7 days.

Hexagon Composites ASA Stock Performance

Shares of HXGCF stock remained flat at $2.55 on Tuesday. The company has a 50-day moving average of $2.99 and a 200 day moving average of $3.60. Hexagon Composites ASA has a 1 year low of $1.41 and a 1 year 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.