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

Hexagon Composites ASA (OTCMKTS:HXGCF) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 59,600 shares, a decrease of 10.0% from the March 15th total of 66,200 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 14.9 days.

Hexagon Composites ASA Stock Performance

Shares of OTCMKTS:HXGCF remained flat at $1.62 during midday trading on Wednesday. The firm’s 50-day moving average price is $1.77 and its two-hundred day moving average price is $2.05. Hexagon Composites ASA has a 12 month low of $1.62 and a 12 month high of $3.50.

About Hexagon Composites ASA

Hexagon Composites ASA, together with its subsidiaries, engages in the production and sale of composite pressure cylinders and fuel systems in Norway, Europe, North America, South-East Asia, the Middle East, and internationally. The company operates through four segments: Hexagon Agility, Hexagon Ragasco, Hexagon Digital Wave, and Hexagon Purus.