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

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

Hexagon Composites ASA Stock Performance

Hexagon Composites ASA stock remained flat at $4.20 on Friday. The business has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $3.93. 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.