Xebec Adsorption Inc. (OTCMKTS:XEBEF – Get Rating) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 524,200 shares, a drop of 26.3% from the July 15th total of 710,900 shares. Based on an average daily volume of 77,900 shares, the days-to-cover ratio is presently 6.7 days.

Xebec Adsorption Price Performance

Shares of Xebec Adsorption stock opened at $0.54 on Friday. The firm has a 50 day simple moving average of $0.63 and a 200 day simple moving average of $1.11. Xebec Adsorption has a fifty-two week low of $0.45 and a fifty-two week high of $3.22.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XEBEF. BMO Capital Markets decreased their target price on Xebec Adsorption from C$1.75 to C$0.85 in a research report on Friday. Canaccord Genuity Group decreased their target price on Xebec Adsorption from C$2.50 to C$1.50 in a research report on Sunday, May 15th. TD Securities decreased their target price on Xebec Adsorption from C$2.25 to C$1.40 in a research report on Friday, May 13th. Raymond James decreased their target price on Xebec Adsorption from C$2.00 to C$1.50 in a research report on Friday. Finally, Desjardins decreased their target price on Xebec Adsorption from C$4.50 to C$3.00 in a research report on Monday, May 16th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Xebec Adsorption currently has a consensus rating of "Hold" and an average target price of $2.07.

Xebec Adsorption Company Profile

Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.

Further Reading

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