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

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

Hexagon Composites ASA Price Performance

Shares of Hexagon Composites ASA stock remained flat at $1.62 during mid-day trading on Wednesday. Hexagon Composites ASA has a 1 year low of $1.62 and a 1 year high of $3.50. The company has a fifty day simple moving average of $1.77 and a 200-day simple moving average of $2.05.

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.