NEXE Innovations Inc. (OTCMKTS:NEXNF) Sees Significant Decline in Short Interest

NEXE Innovations Inc. (OTCMKTS:NEXNF) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 25,373 shares, a drop of 55.6% from the August 31st total of 57,185 shares. Based on an average daily volume of 16,029 shares, the days-to-cover ratio is presently 1.6 days.

NEXE Innovations Stock Up 5.7%

Shares of NEXE Innovations stock traded up $0.01 on Tuesday, hitting $0.10. The stock had a trading volume of 27,150 shares, compared to its average volume of 14,057. NEXE Innovations has a 52-week low of $0.07 and a 52-week high of $0.17. The company’s 50 day moving average price is $0.09 and its 200 day moving average price is $0.10.

About NEXE Innovations

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

The company’s products are intended to be compostable under appropriate conditions and are marketed to consumers, coffee brands and other businesses seeking more sustainable single-serve formats. NEXE Innovations has also pursued manufacturing and custom product opportunities involving compostable materials and packaging.

NEXE Innovations serves the North American market and has focused its business on applying plant-based materials to food and beverage packaging.