Short Interest in NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Increases By 30.8%

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 620 shares, a growth of 30.8% from the November 30th total of 474 shares. Based on an average daily trading volume, of 8,977 shares, the days-to-cover ratio is presently 0.1 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 8,977 shares, the days-to-cover ratio is presently 0.1 days.

NXT Energy Solutions Stock Down 15.9%

OTCMKTS NSFDF traded down $0.04 during trading on Wednesday, reaching $0.23. 8,800 shares of the company’s stock were exchanged, compared to its average volume of 30,852. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. NXT Energy Solutions has a fifty-two week low of $0.10 and a fifty-two week high of $0.67. The company’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.41. The firm has a market capitalization of $27.00 million, a PE ratio of -5.80 and a beta of 1.60.

NXT Energy Solutions (OTCMKTS:NSFDF) last posted its quarterly earnings results on Wednesday, November 12th. The energy company reported ($0.01) earnings per share (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%.

NXT Energy Solutions Company Profile

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.