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

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

Geox Price Performance

GXSBF stock remained flat at $0.34 on Tuesday. Geox has a one year low of $0.34 and a one year high of $0.42. The company has a 50 day simple moving average of $0.34 and a two-hundred 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.