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

Hexagon Composites ASA (OTCMKTS:HXGCF) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 350,000 shares, a decline of 20.8% from the March 31st total of 441,900 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 218.8 days.

Hexagon Composites ASA Price Performance

Shares of OTCMKTS:HXGCF opened at $1.92 on Friday. The company’s 50-day moving average is $1.56 and its 200 day moving average is $2.27. Hexagon Composites ASA has a fifty-two week low of $1.40 and a fifty-two week high of $4.36.

About Hexagon Composites ASA

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.