NXT Energy Solutions Inc. (OTCMKTS:NSFDF – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 24,798 shares, a decrease of 82.9% from the September 30th total of 144,684 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,546 shares, the days-to-cover ratio is presently 0.6 days.
NXT Energy Solutions Price Performance
OTCMKTS NSFDF remained flat at $0.28 during trading hours on Wednesday. The company’s stock had a trading volume of 92,000 shares, compared to its average volume of 18,148. The stock has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.27. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.10. NXT Energy Solutions has a 52 week low of $0.16 and a 52 week high of $0.38. The stock has a market capitalization of $33.48 million, a PE ratio of -5.60 and a beta of 1.32.
NXT Energy Solutions (OTCMKTS:NSFDF – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.02) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative net margin of 312.44% and a negative return on equity of 62.75%.
About NXT Energy Solutions
NXT Energy Solutions Inc is a Canadian technology and energy-services company that provides airborne geophysical surveying services to the oil and gas industry. Its principal technology, known as Stress Field Detection (SFD), is designed to identify subsurface stress anomalies that may be associated with hydrocarbon accumulations.
The company’s SFD surveys are intended to help screen large and difficult-to-access areas during the early stages of petroleum exploration. By collecting data from aircraft, NXT Energy Solutions seeks to provide exploration companies and resource owners with information that can assist in evaluating prospective basins and prioritizing targets for further geological and geophysical investigation.
Headquartered in Calgary, Alberta, NXT Energy Solutions has marketed its technology for use in international exploration programs.
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