Short Interest in Nexentis Technologies Inc. (NASDAQ:NXTS) Expands By 122.8%

Nexentis Technologies Inc. (NASDAQ:NXTS) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 61,966 shares, a growth of 122.8% from the July 15th total of 27,813 shares. Based on an average daily volume of 96,447 shares, the days-to-cover ratio is presently 0.6 days. Approximately 4.6% of the company’s stock are sold short.

Nexentis Technologies Stock Down 2.1%

NXTS traded down $0.04 during trading on Friday, hitting $1.91. The company had a trading volume of 13,746 shares, compared to its average volume of 85,843. The firm’s 50-day moving average price is $3.56 and its 200 day moving average price is $4.92. The company has a market capitalization of $2.77 million, a PE ratio of -0.02 and a beta of 1.83. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.01. Nexentis Technologies has a one year low of $1.43 and a one year high of $58.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Nexentis Technologies stock. DRW Securities LLC acquired a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned approximately 0.97% of Nexentis Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 61.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nexentis Technologies in a report on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.