NEXE Innovations Inc. (OTCMKTS:NEXNF) Short Interest Update

NEXE Innovations Inc. (OTCMKTS:NEXNF) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 25,373 shares, a drop of 55.6% from the August 31st total of 57,185 shares. Based on an average trading volume of 16,029 shares, the days-to-cover ratio is presently 1.6 days.

NEXE Innovations Price Performance

Shares of NEXNF remained flat at $0.10 during trading hours on Wednesday. The stock had a trading volume of 27,150 shares, compared to its average volume of 14,131. NEXE Innovations has a one year low of $0.07 and a one year high of $0.17. The firm has a fifty day moving average of $0.09 and a 200 day moving average of $0.10.

About NEXE Innovations

NEXE Innovations Inc is a Canadian company focused on developing plant-based, compostable packaging and single-serve beverage products. Its primary offering is the NEXE Pod, a coffee capsule designed to provide an alternative to conventional plastic and aluminum pods.

The company’s products are intended to be compostable under appropriate conditions and are marketed to consumers, coffee brands and other businesses seeking more sustainable single-serve formats. NEXE Innovations has also pursued manufacturing and custom product opportunities involving compostable materials and packaging.

NEXE Innovations serves the North American market and has focused its business on applying plant-based materials to food and beverage packaging.