Today’s Short Interest Alert: A Reversal for ABAKAN INCORPORATED (OTCMKTS:ABKI) Is Near. The Stock Has Decrease in Shorts

November 23, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Short Interest Alert: A Reversal for ABAKAN INCORPORATED (OTCMKTS:ABKI) Is Near. The Stock Has Decrease in Shorts

The stock of ABAKAN INCORPORATED (OTCMKTS:ABKI) registered a decrease of 73.75% in short interest. ABKI’s total short interest was 8,400 shares in November as published by FINRA. Its down 73.75% from 32,000 shares, reported previously. With 27,000 shares average volume, it will take short sellers 0 days to cover their ABKI’s short positions. The stock closed at $0.0249 during the last session. It is down 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Abakan, Inc. designs, develops, manufactures and markets nano-composite materials, fabricated metal products, engineered metal composites and engineered reactive materials for the gas and oil, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. The company has a market cap of $5.48 million. The Company’s technology portfolio includes metal cladding technology, nano-composite anti-corrosion and wear coating materials, lightweight metal composites and dissolvable materials. It currently has negative earnings. The Company’s activities are conducted through its subsidiary, MesoCoat, Inc.

ABKI Company Profile

Abakan, Inc., incorporated on June 27, 2006, designs, develops, makes and markets nano-composite materials, fabricated metal products, engineered metal composites and engineered reactive materials for applications in the gas and oil, petrochemical, mining, aerospace and defense, energy, infrastructure and processing industries. The Company’s technology portfolio includes metal cladding technology, nano-composite anti-corrosion and wear coating materials, lightweight metal composites and dissolvable materials. The Company’s activities are conducted through its subsidiary, MesoCoat, Inc. (MesoCoat). MesoCoat is a materials science company, which is engaged in metal protection and repair on its metal composite coating and metal cladding technologies. These technologies are designed to address specific industry needs related to conventional gas and oil, oil sands, mining, aerospace, defense, infrastructure and shipbuilding.

More notable recent Abakan Inc (OTCMKTS:ABKI) news were published by: Crainscleveland.com which released: “Feds, lawyers go after Abakan Inc.” on December 06, 2015, also Prnewswire.com with their article: “Abakan, Inc. and MesoCoat, Inc. Receivership Is Resolved By Court-Approved …” published on January 20, 2016, Prnewswire.com published: “Unsecured Creditors of Abakan, Inc. file Involuntary Chapter 11 in Florida …” on November 25, 2015. More interesting news about Abakan Inc (OTCMKTS:ABKI) were released by: Crainscleveland.com and their article: “MesoCoat blames default on scheme run by ‘crook'” published on August 30, 2015 as well as Crainscleveland.com‘s news article titled: “Panamanian companies win tug-of-war for control of MesoCoat” with publication date: December 22, 2015.

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By Marguerite Chambers


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