Nexentis Technologies Inc. (NASDAQ:NXTS) Sees Large Decline in Short Interest

by · The Markets Daily

Nexentis Technologies Inc. (NASDAQ:NXTS – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 11,877 shares, a decrease of 52.7% from the May 31st total of 25,088 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 15,265 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nexentis Technologies in a report on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nexentis Technologies presently has a consensus rating of “Sell”.

Get Our Latest Research Report on Nexentis Technologies

Nexentis Technologies Price Performance

Nexentis Technologies stock traded down $0.36 during midday trading on Tuesday, reaching $4.31. The company had a trading volume of 89,299 shares, compared to its average volume of 716,730. The company has a market capitalization of $3.15 million, a P/E ratio of -0.04 and a beta of 1.76. Nexentis Technologies has a 12-month low of $3.38 and a 12-month high of $89.79. The firm’s fifty day simple moving average is $5.12 and its 200-day simple moving average is $7.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.73 and a quick ratio of 4.73.

Nexentis Technologies (NASDAQ:NXTS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 1st. The company reported ($2.66) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nexentis Technologies stock. Yorkville Advisors Global LP acquired a new stake in Nexentis Technologies Inc. (NASDAQ:NXTS – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 34,980 shares of the company’s stock, valued at approximately $130,000. Nexentis Technologies makes up about 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th largest position. Yorkville Advisors Global LP owned 3.68% of Nexentis Technologies at the end of the most recent quarter. Institutional investors own 61.24% of the company’s stock.

About Nexentis Technologies

(Get Free Report)

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.

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