NEXE Innovations Inc. (OTCMKTS:NEXNF) Short Interest Down 44.3% in January

NEXE Innovations Inc. (OTCMKTS:NEXNF) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 25,008 shares, a drop of 44.3% from the January 15th total of 44,935 shares. Based on an average daily volume of 15,430 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 15,430 shares, the short-interest ratio is presently 1.6 days.

NEXE Innovations Stock Performance

Shares of NEXNF stock traded up $0.01 during trading hours on Friday, reaching $0.09. 1,200 shares of the company’s stock were exchanged, compared to its average volume of 16,433. The company’s 50 day moving average is $0.09 and its two-hundred day moving average is $0.12. NEXE Innovations has a 1 year low of $0.08 and a 1 year high of $0.25.

About NEXE Innovations

NEXE Innovations is a Canada-based materials technology company that develops and commercializes proprietary cellulose fiber extraction systems. Its flagship 360 Technology platform processes wood residuals, recycled paper and agricultural byproducts into purified cellulose fiber suited for a range of industrial applications. The company operates a demonstration facility in Quebec and serves markets across North America, targeting the forest products, paper, packaging and construction sectors.

Using its 360 Technology, NEXE Innovations produces sustainable building materials, such as fiber-based cement boards, wood fiber panels and nonwoven mats for insulation and packaging reinforcement.