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

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 144,684 shares, a growth of 308.4% from the September 15th total of 35,424 shares. Based on an average trading volume of 27,033 shares, the days-to-cover ratio is presently 5.4 days. Approximately 0.2% of the company’s shares are sold short.

NXT Energy Solutions Stock Down 10.3%

Shares of OTCMKTS NSFDF opened at $0.25 on Tuesday. The stock has a market cap of $29.89 million, a P/E ratio of -5.00 and a beta of 1.32. The firm has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.70. NXT Energy Solutions has a 52-week low of $0.16 and a 52-week high of $0.41.

NXT Energy Solutions (OTCMKTS:NSFDF) last posted its earnings results on Thursday, August 6th. The energy company reported ($0.02) earnings per share for the quarter. NXT Energy Solutions had a negative return on equity of 62.75% and a negative net margin of 312.44%.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian geophysical technology and services company focused on supporting oil and gas, mineral exploration, and other resource-related activities. The company provides airborne surveying services designed to help identify prospective areas for further exploration.

Its principal technology is the Stress Field Detection (SFD) system, a passive airborne geophysical method intended to detect subsurface stress anomalies associated with geological structures and potentially prospective hydrocarbon or mineral systems.