NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Sees Significant Growth in Short Interest

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 31,600 shares, a growth of 16.6% from the August 31st total of 27,100 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is currently 3.4 days.

NXT Energy Solutions Price Performance

Shares of NXT Energy Solutions stock traded down $0.07 during trading hours on Friday, hitting $0.16. The company’s stock had a trading volume of 17,008 shares, compared to its average volume of 46,424. NXT Energy Solutions has a 12-month low of $0.04 and a 12-month high of $0.34. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50 day moving average price of $0.16 and a two-hundred day moving average price of $0.14. The company has a market cap of $12.35 million, a PE ratio of -2.63 and a beta of 1.48.

NXT Energy Solutions (OTCMKTS:NSFDF) last issued its earnings results on Wednesday, August 14th. The energy company reported ($0.03) earnings per share (EPS) for the quarter.

About NXT Energy Solutions

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.