NanoXplore Inc. (OTCMKTS:NNXPF – Get Rating) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 111,100 shares, a growth of 30.1% from the March 15th total of 85,400 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 3.2 days.
NNXPF stock traded down $0.01 during trading on Tuesday, hitting $3.06. 4,447 shares of the company traded hands, compared to its average volume of 27,221. NanoXplore has a 1 year low of $2.50 and a 1 year high of $7.26. The company has a 50-day moving average of $3.39 and a 200-day moving average of $4.59.
Separately, Raymond James cut their price objective on NanoXplore from C$10.00 to C$8.50 in a report on Friday, February 25th.
NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. It offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. The company also provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.
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