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

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 253,900 shares, an increase of 186.2% from the February 13th total of 88,700 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 230.8 days.

Hexagon Composites ASA Price Performance

HXGCF remained flat at $2.20 during trading on Friday. The company’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $3.39. Hexagon Composites ASA has a fifty-two week low of $1.41 and a fifty-two week 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.