Geox S.p.A. (OTCMKTS:GXSBF) Sees Large Growth in Short Interest

Geox S.p.A. (OTCMKTS:GXSBF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 936,391 shares, an increase of 185.7% from the June 30th total of 327,794 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Geox Price Performance

OTCMKTS:GXSBF opened at $0.34 on Wednesday. Geox has a 1-year low of $0.34 and a 1-year high of $0.42. The firm has a fifty day simple moving average of $0.34 and a 200 day simple moving average of $0.38.

Geox Company Profile

Geox S.p.A., trading in the U.S. over the counter under the symbol GXSBF, is an Italian footwear and apparel company best known for its patented “breathable” sole technology. Founded in 1995 by Mario Moretti Polegato, the company developed a unique membrane that allows heat and moisture to escape without letting water in. This innovation has been applied primarily in casual and performance footwear for men, women and children.

Beyond its core footwear business, Geox has extended the use of its breathable technology into apparel, offering outerwear and active garments designed to regulate temperature and wick moisture.