NanoXplore Inc. (OTCMKTS:NNXPF) Sees Significant Increase in Short Interest

NanoXplore Inc. (OTCMKTS:NNXPF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,300 shares, an increase of 43.5% from the August 15th total of 2,300 shares. Based on an average daily volume of 64,100 shares, the short-interest ratio is presently 0.1 days.

NNXPF stock traded up $0.28 during trading on Monday, hitting $5.31. The stock had a trading volume of 10,600 shares, compared to its average volume of 42,247. NanoXplore has a twelve month low of $1.14 and a twelve month high of $5.67. The company’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $3.39.

Several brokerages recently weighed in on NNXPF. Raymond James lifted their price target on NanoXplore from C$6.00 to C$10.00 and gave the company an “outperform” rating in a research note on Wednesday, September 1st. National Bank Financial lifted their price target on NanoXplore from C$5.00 to C$8.00 and gave the company an “outperform” rating in a research note on Monday.

About NanoXplore

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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