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

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 4,700 shares, a decline of 73.3% from the December 15th total of 17,600 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 5.2 days.

Hexagon Composites ASA Stock Performance

OTCMKTS HXGCF traded down $0.09 during trading hours on Monday, hitting $3.64. 4,700 shares of the company traded hands, compared to its average volume of 2,400. The business’s 50-day moving average is $4.00 and its 200-day moving average is $3.97. Hexagon Composites ASA has a twelve month low of $1.41 and a twelve month 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.