NEXE Innovations Inc. (OTCMKTS:NEXNF) Short Interest Update

NEXE Innovations Inc. (OTCMKTS:NEXNF) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 40,139 shares, a growth of 67.5% from the March 15th total of 23,958 shares. Based on an average daily volume of 46,165 shares, the days-to-cover ratio is currently 0.9 days.

NEXE Innovations Trading Up 3.4%

Shares of OTCMKTS:NEXNF traded up $0.00 during mid-day trading on Monday, reaching $0.12. The company had a trading volume of 40,885 shares, compared to its average volume of 17,603. The company’s 50-day moving average price is $0.09 and its 200-day moving average price is $0.10. NEXE Innovations has a one year low of $0.08 and a one year 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.