N2OFF, Inc. (NASDAQ:NITO) Sees Large Increase in Short Interest

N2OFF, Inc. (NASDAQ:NITO) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 985,700 shares, a growth of 619.5% from the December 15th total of 137,000 shares. Based on an average daily volume of 19,400,000 shares, the short-interest ratio is currently 0.1 days. Approximately 6.4% of the company’s stock are sold short.

N2OFF Price Performance

Shares of NITO traded down $0.15 during trading hours on Monday, hitting $1.35. The company had a trading volume of 8,418,482 shares, compared to its average volume of 153,497,453. N2OFF has a 52-week low of $0.16 and a 52-week high of $3.49. The firm has a fifty day moving average price of $0.45 and a 200-day moving average price of $0.38.

N2OFF Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay.