Short Interest in NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Expands By 1,240.2%

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 7,331 shares, a growth of 1,240.2% from the December 15th total of 547 shares. Based on an average daily trading volume, of 20,591 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,591 shares, the short-interest ratio is presently 0.4 days.

NXT Energy Solutions Price Performance

OTCMKTS NSFDF remained flat at $0.25 during trading hours on Monday. The firm has a market cap of $29.22 million, a PE ratio of -6.16 and a beta of 1.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.65. NXT Energy Solutions has a 52-week low of $0.10 and a 52-week high of $0.67. The business has a 50 day moving average of $0.24 and a two-hundred day moving average of $0.40.

NXT Energy Solutions (OTCMKTS:NSFDF) last issued its quarterly earnings data on Wednesday, November 12th. The energy company reported ($0.01) EPS for the quarter. The company had revenue of $0.07 million during the quarter. NXT Energy Solutions had a negative return on equity of 49.12% and a negative net margin of 29.96%.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian technology company specializing in non-invasive subsurface exploration for the oil and gas industry. Headquartered in Langley, British Columbia, the company develops and deploys advanced electromagnetic and magnetic gradiometry survey systems designed to detect and map hydrocarbon reservoirs without the need for traditional drilling or seismic sources. By integrating multiple geophysical techniques, NXT Energy Solutions aims to reduce exploration risk, optimize well placement and improve overall reservoir characterization.

The company’s core offering centers on a patented low-frequency electromagnetic (“EM”) technology combined with high-sensitivity magnetic gradiometer sensors.