NXT Energy Solutions Inc. (OTCMKTS:NSFDF – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 35,424 shares, a drop of 46.7% from the August 31st total of 66,497 shares. Based on an average daily volume of 27,863 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are short sold.
NXT Energy Solutions Stock Performance
Shares of OTCMKTS NSFDF remained flat at $0.21 during trading hours on Wednesday. The company had a trading volume of 70,000 shares, compared to its average volume of 10,900. The firm has a market capitalization of $25.54 million, a P/E ratio of -4.27 and a beta of 1.24. The company’s 50 day moving average price is $0.25 and its 200-day moving average price is $0.27. NXT Energy Solutions has a 1-year low of $0.16 and a 1-year high of $0.41. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.10.
NXT Energy Solutions (OTCMKTS:NSFDF – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.02) earnings per share for the quarter. NXT Energy Solutions had a negative net margin of 312.44% and a negative return on equity of 62.75%.
NXT Energy Solutions Company Profile
NXT Energy Solutions Inc is a Canadian oilfield services and technology company focused on airborne geophysical exploration. The company has developed Stress Field Detection (SFD), a passive airborne survey technology designed to identify subsurface geological anomalies that may be associated with oil and natural gas accumulations.
NXT Energy provides SFD survey services to energy companies, governments and other organizations involved in petroleum exploration. Its technology is intended to help evaluate large or remote areas during the early stages of exploration, potentially reducing the need for extensive ground-based work before prospects are selected for more detailed investigation.
Headquartered in Calgary, Alberta, NXT Energy has marketed its services for use in hydrocarbon exploration projects in multiple international regions, including frontier and emerging markets.
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