NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Sees Large Decline in Short Interest

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,900 shares, a drop of 82.1% from the December 15th total of 16,200 shares. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is presently 0.1 days.

NXT Energy Solutions Stock Performance

OTCMKTS NSFDF traded up $0.01 on Monday, hitting $0.11. 221,500 shares of the company traded hands, compared to its average volume of 69,480. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.30. The business’s 50 day moving average price is $0.13 and its 200-day moving average price is $0.15. The company has a market capitalization of $8.56 million, a price-to-earnings ratio of -1.82 and a beta of 1.50. NXT Energy Solutions has a 52-week low of $0.04 and a 52-week high of $0.34.

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.