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

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 16,200 shares, a decline of 68.7% from the November 30th total of 51,700 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is presently 1.7 days.

NXT Energy Solutions Trading Down 2.3 %

Shares of OTCMKTS NSFDF traded down $0.00 during midday trading on Friday, hitting $0.12. 44,500 shares of the company traded hands, compared to its average volume of 40,127. The stock has a 50-day moving average price of $0.14 and a 200 day moving average price of $0.15. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $9.06 million, a P/E ratio of -1.93 and a beta of 1.47. NXT Energy Solutions has a 12-month low of $0.04 and a 12-month high of $0.34.

About NXT Energy Solutions

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.