Nano Magic Inc. (OTCMKTS:NMGX) Sees Significant Decrease in Short Interest

Nano Magic Inc. (OTCMKTS:NMGX) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 5,100 shares, a decline of 33.8% from the November 15th total of 7,700 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 2.1 days.

Nano Magic Stock Performance

Shares of Nano Magic stock remained flat at $0.73 on Friday. Nano Magic has a one year low of $0.30 and a one year high of $2.00. The firm’s 50-day moving average is $0.65 and its 200 day moving average is $0.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.17 and a current ratio of 0.54.

About Nano Magic

Nano Magic Inc develops, commercializes, and markets consumer and industrial products using nanotechnology in the United States and Canada. The company offers liquid and towelette formulations for cleaning and protecting clear surfaces, such as electronic touchscreens, windshields, windows, mirrors, shower doors, eyeglasses, and sunglass lenses; liquid formulation packaged for retail and industrial sale for cleaning surfaces; and anti-fogging liquid and towelette formulations for sporting product applications and goggles.