Nexentis Technologies Inc. (NASDAQ:NXTS) Short Interest Up 717.8% in June

Nexentis Technologies Inc. (NASDAQ:NXTS) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 97,136 shares, an increase of 717.8% from the June 15th total of 11,877 shares. Currently, 10.0% of the company’s shares are short sold. Based on an average daily trading volume, of 7,559,275 shares, the short-interest ratio is currently 0.0 days.

Nexentis Technologies Trading Down 6.6%

NXTS opened at $3.40 on Monday. The firm has a market capitalization of $3.54 million, a PE ratio of -0.03 and a beta of 1.80. 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 has a fifty-two week low of $3.31 and a fifty-two week high of $89.79. The company’s 50-day moving average is $5.00 and its 200 day moving average is $6.67.

Nexentis Technologies (NASDAQ:NXTS) last issued its quarterly earnings data on Wednesday, April 1st. The company reported ($2.66) EPS for the quarter.

Institutional Trading of Nexentis Technologies

A hedge fund recently bought a new position in Nexentis Technologies stock. DRW Securities LLC acquired a new position in Nexentis Technologies Inc. (NASDAQ:NXTS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission. Institutional investors and hedge funds own 61.24% of the company’s stock.

Analyst Ratings Changes

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