Avantium (OTCMKTS:AVTXF) Sees Large Growth in Short Interest

Avantium (OTCMKTS:AVTXF) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,000 shares, a growth of 1,566.7% from the October 15th total of 300 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 2.4 days.

Avantium Price Performance

AVTXF opened at C$2.15 on Wednesday. Avantium has a 1 year low of C$1.74 and a 1 year high of C$4.55. The firm’s fifty day moving average price is C$2.48 and its two-hundred day moving average price is C$2.58.

About Avantium

Avantium N.V., a chemical technology company, develops and commercializes renewable chemistry solutions in the Netherlands. The company operates through three segments: Avantium R&D Solutions, Avantium Renewable Chemistries, and Avantium Renewable Polymers. It offers furandicarboxylic acid, a building block for polyethylene furanoate (PEF); and PEF, a plant-based recyclable plastic for use as packaging material.