Exco Technologies Limited records 60.5% hike in its short interest

Ontario, Canada based Exco Technologies Limited witnessed a significant increase in its short interest, with the total amounting to 111,400 shares as of May 15, up by 60.5 per cent from 69,400 shares recorded on April 30. The days-to-cover ratio is now 222.8 days, based on an average trading volume of 500 shares.

Exco Technologies Limited is a global supplier of innovative technologies servicing the aluminium die-cast, extrusion and automotive industries. On Friday, the shares of Exco Technologies started at $6.68. Exco Technologies had a low of $6.42 and a high of $9.11 for the last year. The company's 50-day and 200-day simple moving averages are $7.00 and $7.35, respectively.

As per a research note released on February 3, BMO Capital Markets lowered its price target on Exco Technologies from C$11.00 to C$10.00. Casting and extrusion and automotive solutions are the two segments in which Exco Technologies works. Tooling and consumable components for aluminium die-casting and aluminium extrusion machines are designed, developed, and manufactured by the casting and extrusion sector.