NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Short Interest Update

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

NXT Energy Solutions Price Performance

Shares of OTCMKTS:NSFDF traded down $0.00 during midday trading on Thursday, reaching $0.12. The company’s stock had a trading volume of 24,354 shares, compared to its average volume of 40,094. The business’s fifty day simple moving average is $0.14 and its 200-day simple moving average is $0.15. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.28 and a quick ratio of 0.28. NXT Energy Solutions has a fifty-two week low of $0.04 and a fifty-two week high of $0.34. The company has a market capitalization of $9.27 million, a P/E ratio of -1.97 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.