Nexentis Technologies Inc. (NASDAQ:NXTS) Short Interest Update

Nexentis Technologies Inc. (NASDAQ:NXTS) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 27,813 shares, a decline of 71.4% from the June 30th total of 97,136 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 104,598 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Nexentis Technologies

A hedge fund recently bought a new stake in Nexentis Technologies stock. DRW Securities LLC acquired a new stake in Nexentis Technologies Inc. (NASDAQ:NXTS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned about 0.97% of Nexentis Technologies at the end of the most recent reporting period. 61.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nexentis Technologies in a research note on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Nexentis Technologies Stock Performance

Shares of NXTS stock traded down $0.13 during trading on Monday, reaching $1.67. 33,587 shares of the company’s stock were exchanged, compared to its average volume of 128,455. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.42 million, a PE ratio of -0.01 and a beta of 1.80. Nexentis Technologies has a twelve month low of $1.60 and a twelve month high of $75.66. The firm’s fifty day moving average price is $4.44 and its 200-day moving average price is $5.83.

About Nexentis Technologies

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. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.