Nexentis Technologies Inc. (NASDAQ:NXTS) Short Interest Update

Nexentis Technologies Inc. (NASDAQ:NXTS) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 27,813 shares, a decrease of 71.4% from the June 30th total of 97,136 shares. Based on an average daily trading volume, of 104,598 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nexentis Technologies in a research report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Nexentis Technologies Trading Down 10.2%

NASDAQ NXTS traded down $0.17 on Tuesday, reaching $1.50. 552,458 shares of the company were exchanged, compared to its average volume of 634,491. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $4.44 and its 200 day moving average price is $5.83. The stock has a market capitalization of $2.17 million, a P/E ratio of -0.01 and a beta of 1.80. Nexentis Technologies has a fifty-two week low of $1.43 and a fifty-two week high of $62.87.

Institutional Investors Weigh In On Nexentis Technologies

An institutional investor recently bought a new position in Nexentis Technologies stock. DRW Securities LLC bought a new stake in Nexentis Technologies Inc. (NASDAQ:NXTS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned about 0.97% of Nexentis Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 61.24% of the company’s stock.

About Nexentis Technologies

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.