Nano Magic Inc. (OTCMKTS:NMGX) Short Interest Down 17.6% in September

Nano Magic Inc. (OTCMKTS:NMGX) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 5,600 shares, a decline of 17.6% from the August 31st total of 6,800 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 9.3 days.

Nano Magic Price Performance

OTCMKTS:NMGX remained flat at $0.77 during mid-day trading on Friday. The firm has a 50 day moving average price of $0.81 and a 200-day moving average price of $0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.54 and a quick ratio of 0.11. The company has a market cap of $10.79 million, a P/E ratio of -3.08 and a beta of 37.09. Nano Magic has a 12 month low of $0.30 and a 12 month high of $2.00.

Nano Magic (OTCMKTS:NMGX) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.06) EPS for the quarter. Nano Magic had a negative net margin of 121.38% and a negative return on equity of 438.98%. The firm had revenue of $0.62 million for the quarter.

Nano Magic Company Profile

Nano Magic Inc develops, commercializes, and markets consumer and industrial products using nanotechnology in the United States and Canada. The company offers liquid and towelette formulations for cleaning and protecting clear surfaces, such as electronic touchscreens, windshields, windows, mirrors, shower doors, eyeglasses, and sunglass lenses; liquid formulation packaged for retail and industrial sale for cleaning surfaces; and anti-fogging liquid and towelette formulations for sporting product applications and goggles.