Avantium (OTCMKTS:AVTXF – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 938 shares, a decrease of 48.7% from the September 30th total of 1,828 shares. Based on an average daily trading volume, of 46 shares, the short-interest ratio is presently 20.4 days.
Avantium Price Performance
OTCMKTS AVTXF opened at C$5.64 on Friday. Avantium has a 52-week low of C$5.30 and a 52-week high of C$12.65. The business’s 50-day moving average price is C$6.06 and its 200 day moving average price is C$7.92.
About Avantium
Avantium N.V. is a Netherlands-based technology company focused on renewable and circular chemistry. The company develops catalytic processes that convert renewable carbon sources, such as plant-based sugars, into chemicals and materials intended to reduce reliance on fossil-based feedstocks.
Avantium’s principal technologies include the YXY technology, which produces FDCA (furandicarboxylic acid), a building block for the company’s PEF (polyethylene furanoate) polymer. PEF is designed for use in packaging, bottles, films and textiles and is positioned as a plant-based alternative to certain conventional plastics.
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