Short Interest in NEXE Innovations Inc. (OTCMKTS:NEXNF) Grows By 102.1%

NEXE Innovations Inc. (OTCMKTS:NEXNF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 41,935 shares, a growth of 102.1% from the November 30th total of 20,749 shares. Based on an average trading volume of 64,978 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 64,978 shares, the days-to-cover ratio is currently 0.6 days.

NEXE Innovations Stock Down 3.8%

Shares of NEXNF traded down $0.00 during mid-day trading on Friday, hitting $0.09. 29,680 shares of the company’s stock were exchanged, compared to its average volume of 13,600. The stock’s 50-day moving average is $0.11 and its 200-day moving average is $0.13. NEXE Innovations has a fifty-two week low of $0.09 and a fifty-two week high of $0.28.

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.