Xebec Adsorption Inc. (OTCMKTS:XEBEF) Short Interest Update

Xebec Adsorption Inc. (OTCMKTS:XEBEFGet Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 4,566,100 shares, an increase of 21.3% from the March 15th total of 3,764,500 shares. Based on an average trading volume of 68,300 shares, the short-interest ratio is currently 66.9 days.

Shares of XEBEF stock opened at $1.85 on Tuesday. The business has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $1.84. Xebec Adsorption has a 52-week low of $1.07 and a 52-week high of $4.43.

Several brokerages recently weighed in on XEBEF. National Bank Financial raised Xebec Adsorption from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 31st. Canaccord Genuity Group upped their price target on Xebec Adsorption from C$2.25 to C$2.50 and gave the stock a “hold” rating in a research note on Thursday, April 14th. Raymond James upped their price target on Xebec Adsorption from C$3.00 to C$3.50 in a report on Thursday, April 14th. Scotiabank initiated coverage on Xebec Adsorption in a research report on Monday, April 4th. They set a “sector perform” rating for the company. Finally, TD Securities cut Xebec Adsorption from a “buy” rating to a “hold” rating in a report on Thursday, March 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $4.00.

About Xebec Adsorption (Get Rating)

Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.

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