NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Short Interest Down 26.4% in March

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 27,300 shares, a decrease of 26.4% from the February 28th total of 37,100 shares. Based on an average trading volume of 114,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

NXT Energy Solutions Stock Performance

Shares of OTCMKTS NSFDF remained flat at $0.17 during trading on Tuesday. The firm has a market capitalization of $13.10 million, a price-to-earnings ratio of -2.75 and a beta of 1.47. The business’s 50-day simple moving average is $0.17 and its 200 day simple moving average is $0.15. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.30. NXT Energy Solutions has a 1 year low of $0.04 and a 1 year high of $0.40.

NXT Energy Solutions (OTCMKTS:NSFDF) last announced its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.03) EPS for the quarter. The company had revenue of $0.03 million during the quarter.

About NXT Energy Solutions

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.