Is MEMEX ORD (OTCMKTS:MENXF)’s Fuel Running High? Reports Show Less Sellers

February 15, 2018 - By Linda Rogers

The stock of MEMEX ORD (OTCMKTS:MENXF) registered a decrease of 34.29% in short interest. MENXF’s total short interest was 2,300 shares in February as published by FINRA. Its down 34.29% from 3,500 shares, reported previously.

The stock decreased 1.40% or $0.00125 during the last trading session, reaching $0.08775. About 16,750 shares traded or Infinity% up from the average. Memex Inc. (OTCMKTS:MENXF) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Memex Inc. develops, commercializes, and makes a suite of products for the discrete manufacturing and aerospace sectors in Canada, the United States, and internationally. The company has market cap of $10.42 million. The firm primarily offers MERLIN, a software-driven industrial Internet of Things communications platform that provides manufacturing analytics in real time comprising overall equipment effectiveness. It currently has negative earnings. It also provides manufacturing execution systems; hardware accessory products, including cables, PCMCIA cards, data shuttles, and other hardware accessories; CNC memory upgrade products; MTConnect adapter products; legacy products; service packages; and direct numerical control products, as well as connectivity, manufacturing execution system, dynamic computer aided machining, machine monitoring, automated data collection, and customer installation solutions.

More notable recent Memex Inc. (OTCMKTS:MENXF) news were published by: Marketwired.com which released: “Memex Inc. Releases Annual Financial Results” on December 15, 2016, also Seekingalpha.com with their article: “SecretCaps’ Updates Memex Projections: $1.06 Price Target” published on August 12, 2016, Marketwired.com published: “Memex Inc. Re-appoints Sophic Capital” on January 17, 2017. More interesting news about Memex Inc. (OTCMKTS:MENXF) were released by: Marketwired.com and their article: “Memex Inc. Releases Q1-2017 Financial Results” published on February 17, 2017 as well as Marketwired.com‘s news article titled: “MEMEX Inc. announces MERLIN Tempusâ„¢ and MERLIN Tempus Enterprise Edition …” with publication date: February 21, 2017.

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