NEXE Innovations Inc. (OTCMKTS:NEXNF) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemNEXE Innovations Inc. (OTCMKTS:NEXNF – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 40,139 shares, an increase of 67.5% from the March 15th total of 23,958 shares. Based on an average daily volume of 46,165 shares, the short-interest ratio is presently 0.9 days.
NEXE Innovations Stock Performance
Shares of NEXE Innovations stock remained flat at $0.14 on Wednesday. The stock had a trading volume of 15,617 shares, compared to its average volume of 17,596. The firm’s 50-day simple moving average is $0.09 and its 200-day simple moving average is $0.10. NEXE Innovations has a 12-month low of $0.08 and a 12-month high of $0.19.
NEXE Innovations Company Profile
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.