NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Short Interest Update

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 35,424 shares, a decline of 46.7% from the August 31st total of 66,497 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 27,863 shares, the days-to-cover ratio is presently 1.3 days.

NXT Energy Solutions Price Performance

NSFDF remained flat at $0.21 during trading on Thursday. 70,000 shares of the company’s stock were exchanged, compared to its average volume of 13,299. The stock has a 50-day moving average of $0.25 and a two-hundred day moving average of $0.27. The stock has a market capitalization of $25.54 million, a PE ratio of -4.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.70 and a quick ratio of 1.70. NXT Energy Solutions has a 12 month low of $0.16 and a 12 month high of $0.41.

NXT Energy Solutions (OTCMKTS:NSFDF) last issued its earnings results on Thursday, August 6th. The energy company reported ($0.02) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative return on equity of 62.75% and a negative net margin of 312.44%.

About NXT Energy Solutions

NXT Energy Solutions Inc is a Canadian oilfield services and technology company focused on airborne geophysical exploration. The company has developed Stress Field Detection (SFD), a passive airborne survey technology designed to identify subsurface geological anomalies that may be associated with oil and natural gas accumulations.

NXT Energy provides SFD survey services to energy companies, governments and other organizations involved in petroleum exploration. Its technology is intended to help evaluate large or remote areas during the early stages of exploration, potentially reducing the need for extensive ground-based work before prospects are selected for more detailed investigation.

Headquartered in Calgary, Alberta, NXT Energy has marketed its services for use in hydrocarbon exploration projects in multiple international regions, including frontier and emerging markets.