Short Interest in NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Drops By 82.1%

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 2,900 shares, a decline of 82.1% from the December 31st total of 16,200 shares. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is currently 0.1 days.

NXT Energy Solutions Price Performance

Shares of NSFDF traded down $0.04 during mid-day trading on Tuesday, hitting $0.16. 7,900 shares of the stock were exchanged, compared to its average volume of 132,629. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $12.87 million, a PE ratio of -2.73 and a beta of 1.50. NXT Energy Solutions has a 52-week low of $0.04 and a 52-week high of $0.40. The firm has a 50-day moving average of $0.13 and a two-hundred day moving average of $0.15.

NXT Energy Solutions (OTCMKTS:NSFDF) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.01) earnings per share for the quarter.

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.