Geox S.p.A. (OTCMKTS:GXSBF) Sees Large Decline in Short Interest

Geox S.p.A. (OTCMKTS:GXSBF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 327,794 shares, a drop of 65.0% from the June 15th total of 936,391 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Geox Price Performance

Shares of GXSBF opened at $0.34 on Monday. The business’s 50 day moving average price is $0.34 and its 200-day moving average price is $0.39. Geox has a 52 week low of $0.34 and a 52 week high of $0.42.

Geox Company Profile

Geox S.p.A., trading in the U.S. over the counter under the symbol GXSBF, is an Italian footwear and apparel company best known for its patented “breathable” sole technology. Founded in 1995 by Mario Moretti Polegato, the company developed a unique membrane that allows heat and moisture to escape without letting water in. This innovation has been applied primarily in casual and performance footwear for men, women and children.

Beyond its core footwear business, Geox has extended the use of its breathable technology into apparel, offering outerwear and active garments designed to regulate temperature and wick moisture.