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. Currently, 10.0% of the shares of the stock are short sold. Based on an average daily volume of 7,559,275 shares, the days-to-cover ratio is presently 0.0 days.

Nexentis Technologies Price Performance

Shares of NASDAQ:NXTS traded down $0.17 during trading hours on Friday, hitting $3.64. 15,939 shares of the company’s stock traded hands, compared to its average volume of 3,962,921. The company’s fifty day simple moving average is $5.00 and its two-hundred day simple moving average is $6.73. The company has a market cap of $3.79 million, a price-to-earnings ratio of -0.03 and a beta of 1.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.73 and a current ratio of 4.73. Nexentis Technologies has a 52 week low of $3.31 and a 52 week high of $89.79.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Nexentis Technologies

A hedge fund recently bought a new position in Nexentis Technologies stock. DRW Securities LLC acquired 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 Securities and Exchange Commission. The fund acquired 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned 0.97% of Nexentis Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 61.24% of the company’s stock.

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.