NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Sees Large Decrease in Short Interest

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 16,200 shares, a decline of 68.7% from the November 30th total of 51,700 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 1.7 days.

NXT Energy Solutions Stock Performance

Shares of OTCMKTS NSFDF traded down $0.00 during trading on Friday, reaching $0.12. 44,500 shares of the company traded hands, compared to its average volume of 40,127. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.30. The firm has a 50 day simple moving average of $0.14 and a 200-day simple moving average of $0.15. NXT Energy Solutions has a 52-week low of $0.04 and a 52-week high of $0.34. The stock has a market capitalization of $9.06 million, a PE ratio of -1.93 and a beta of 1.47.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.