The stock of ABAKAN INCORPORATED (OTCMKTS:ABKI) registered a decrease of 30% in short interest. ABKI’s total short interest was 700 shares in September as published by FINRA. Its down 30% from 1,000 shares, reported previously. The stock last traded at $0.009 per share. It is down 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% 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 $1.43 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.
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