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

Nexentis Technologies Inc. (NASDAQ:NXTS) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 97,136 shares, a growth of 717.8% from the June 15th total of 11,877 shares. Based on an average trading volume of 7,559,275 shares, the days-to-cover ratio is presently 0.0 days. Approximately 10.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Nexentis Technologies

An institutional investor recently bought a new position in Nexentis Technologies stock. DRW Securities LLC purchased a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned about 0.97% of Nexentis Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 61.24% of the company’s stock.

Nexentis Technologies Stock Down 4.5%

Shares of NASDAQ NXTS traded down $0.17 during mid-day trading on Friday, reaching $3.64. The company had a trading volume of 15,939 shares, compared to its average volume of 3,962,921. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market capitalization of $3.79 million, a price-to-earnings ratio of -0.03 and a beta of 1.80. The stock has a fifty day moving average of $5.00 and a two-hundred day moving average of $6.73. Nexentis Technologies has a 12-month low of $3.31 and a 12-month high of $89.79.

Nexentis Technologies (NASDAQ:NXTS) last announced its quarterly earnings data on Wednesday, April 1st. The company reported ($2.66) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nexentis Technologies in a research report on Friday, April 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Nexentis Technologies 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. 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.