NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Sees Large Decrease in Short Interest

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 24,798 shares, a decline of 82.9% from the September 30th total of 144,684 shares. Based on an average daily volume of 41,546 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

NXT Energy Solutions Stock Performance

NSFDF stock opened at $0.27 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.70. The firm’s fifty day moving average is $0.25 and its 200 day moving average is $0.27. NXT Energy Solutions has a one year low of $0.16 and a one year high of $0.38.

NXT Energy Solutions (OTCMKTS:NSFDF) last released its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.02) earnings per share for the quarter. NXT Energy Solutions had a negative net margin of 312.44% and a negative return on equity of 62.75%.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian technology and energy-services company that provides airborne geophysical surveying services to the oil and gas industry. Its principal technology, known as Stress Field Detection (SFD), is designed to identify subsurface stress anomalies that may be associated with hydrocarbon accumulations.

The company’s SFD surveys are intended to help screen large and difficult-to-access areas during the early stages of petroleum exploration. By collecting data from aircraft, NXT Energy Solutions seeks to provide exploration companies and resource owners with information that can assist in evaluating prospective basins and prioritizing targets for further geological and geophysical investigation.

Headquartered in Calgary, Alberta, NXT Energy Solutions has marketed its technology for use in international exploration programs.