Nexentis Technologies Inc. (NASDAQ:NXTS) Shares Shorted: Short Interest Up 62.4% in October

Nexentis Technologies Inc. (NASDAQ:NXTS) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 61,274 shares, an increase of 62.4% from the September 30th total of 37,720 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,706,331 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Nexentis Technologies

A hedge fund recently bought a new position in Nexentis Technologies stock. Yorkville Advisors Global LP bought a new stake in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 16,409 shares of the company’s stock, valued at approximately $70,724. Yorkville Advisors Global LP owned about 1.13% of Nexentis Technologies as of its most recent filing with the SEC. 61.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nexentis Technologies in a research note on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Nexentis Technologies Stock Down 2.1%

Shares of NASDAQ:NXTS opened at $0.52 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market cap of $754,000.00, a price-to-earnings ratio of -0.01 and a beta of 1.84. The company has a 50 day moving average of $1.23 and a 200-day moving average of $4.16. Nexentis Technologies has a one year low of $0.50 and a one year high of $24.15.

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.