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

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 620 shares, an increase of 30.8% from the November 30th total of 474 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,977 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 8,977 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

NXT Energy Solutions Trading Up 13.6%

OTCMKTS NSFDF traded up $0.03 during trading hours on Tuesday, hitting $0.27. 29,650 shares of the company were exchanged, compared to its average volume of 30,831. The stock has a 50-day moving average price of $0.26 and a 200 day moving average price of $0.41. NXT Energy Solutions has a 52 week low of $0.10 and a 52 week high of $0.67. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The stock has a market cap of $31.39 million, a PE ratio of -6.75 and a beta of 1.60.

NXT Energy Solutions (OTCMKTS:NSFDF) last posted its quarterly earnings data 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 for the quarter. NXT Energy Solutions had a negative net margin of 29.96% and a negative return on equity of 49.12%.

About NXT Energy Solutions

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.