Nexentis Technologies Inc. (NASDAQ:NXTS) Shares Shorted: Short Interest Up 62.4% in October

Nexentis Technologies Inc. (NASDAQ:NXTS) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 61,274 shares, a growth of 62.4% from the September 30th total of 37,720 shares. Based on an average daily volume of 1,706,331 shares, the short-interest ratio is currently 0.0 days. Currently, 4.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nexentis Technologies in a research note on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Nexentis Technologies currently has an average rating of “Sell”.

Nexentis Technologies Stock Performance

NXTS traded down $0.03 on Monday, hitting $0.55. 21,980 shares of the company traded hands, compared to its average volume of 550,579. The company has a 50 day moving average of $1.25 and a 200-day moving average of $4.21. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $803,300.00, a PE ratio of -0.01 and a beta of 1.95. Nexentis Technologies has a 12-month low of $0.50 and a 12-month high of $24.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nexentis Technologies stock. Yorkville Advisors Global LP purchased a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,409 shares of the company’s stock, valued at approximately $70,724. Yorkville Advisors Global LP owned about 1.13% of Nexentis Technologies at the end of the most recent reporting period. Institutional investors own 61.24% of the company’s stock.

Nexentis Technologies Company Profile

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.