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Why is The SunHydrogen (OTC: HYSR) stock trending today?

GLYC Stock

GLYC Stock

The SunHydrogen (OTC: HYSR) closed Monday up 47.11% at $0.0529. The stock went up to ‎‎$0.17 at the same session, while its lowest single-day price was $0.12. In the last one month, ‎it saw a rise of about 149.49%. HYSR shares have gained by almost 424.24% over six ‎months. The company’s dollar volume is 15.50M in contrast with the Average Volume of ‎‎24.47M.‎

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‎The HYSR stock’s short interest has plunged, dropped by -48.21% to a total of -32558 million ‎shares on Nov 30, 2020. At the average daily trading volume of 73,482,144 shares on the ‎most recent settlement date, the days to cover the figure was 1. The decrease in short ‎interest suggests the stock saw bullish sentiment.‎

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On December 07, 2020 The SunHydrogen (OTC: HYSR), which pioneered a breakthrough ‎technology that makes renewable hydrogen from water and sunlight, has closed its ‎previously announced registered direct offering of 120,000,000 shares of its common stock ‎for $0.075 per share. The offering brought in a total of $9,000,000.‎

The organization said it planned to use the net profits solely to promote its nano particle ‎breakthrough.‎

In this offering, H.C. Wainwright & Co. acted as the sole placement agent.‎

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