NEXE Innovations Inc. (OTCMKTS:NEXNF) Stock Short Interest Drops 95.0%

NEXE Innovations Inc. (OTCMKTS:NEXNF) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,646 shares, a drop of 95.0% from the September 30th total of 32,993 shares. Based on an average daily trading volume, of 31,214 shares, the short-interest ratio is currently 0.1 days.

NEXE Innovations Stock Up 22.6%

Shares of OTCMKTS:NEXNF traded up $0.02 during trading on Monday, hitting $0.10. 3,675 shares of the company were exchanged, compared to its average volume of 16,112. The firm has a fifty day moving average price of $0.10 and a two-hundred day moving average price of $0.10. NEXE Innovations has a fifty-two week low of $0.07 and a fifty-two week high of $0.17.

About NEXE Innovations

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

The company’s products are intended for use by coffee brands, roasters, retailers and consumers seeking more environmentally oriented packaging solutions. NEXE has also developed related compostable food and beverage products as part of its broader effort to reduce reliance on traditional single-use plastics.

NEXE Innovations is headquartered in Vancouver, British Columbia, and has focused its commercial activities on the North American market.