Hexagon Composites ASA (OTCMKTS:HXGCF) Sees Large Increase in Short Interest

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 444,900 shares, an increase of 75.2% from the February 28th total of 253,900 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is currently 58.5 days.

Hexagon Composites ASA Trading Down 7.1 %

Hexagon Composites ASA stock traded down $0.15 during midday trading on Friday, hitting $1.95. 2,900 shares of the company’s stock were exchanged, compared to its average volume of 4,690. Hexagon Composites ASA has a 12-month low of $1.41 and a 12-month high of $4.36. The firm’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $3.11.

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.