Avantium (OTCMKTS:AVTXF) Sees Significant Increase in Short Interest

Avantium (OTCMKTS:AVTXF) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 8,800 shares, an increase of 4,300.0% from the November 30th total of 200 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 9.8 days.

Avantium Price Performance

Shares of OTCMKTS:AVTXF traded down C$0.35 during trading hours on Thursday, hitting C$1.55. The stock had a trading volume of 100 shares, compared to its average volume of 1,111. The stock’s fifty day simple moving average is C$2.34 and its 200 day simple moving average is C$2.41. Avantium has a 1-year low of C$1.55 and a 1-year high of C$4.38.

About Avantium

Avantium N.V., a chemical technology company, develops and commercializes renewable chemistry solutions in the Netherlands. The company operates through three segments: Avantium R&D Solutions, Avantium Renewable Chemistries, and Avantium Renewable Polymers. It offers furandicarboxylic acid, a building block for polyethylene furanoate (PEF); and PEF, a plant-based recyclable plastic for use as packaging material.