NXT Energy Solutions Inc. (OTCMKTS:NSFDF – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 24,798 shares, a decrease of 82.9% from the September 30th total of 144,684 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,546 shares, the days-to-cover ratio is currently 0.6 days.
NXT Energy Solutions Price Performance
Shares of NSFDF stock opened at $0.27 on Tuesday. NXT Energy Solutions has a 1-year low of $0.16 and a 1-year high of $0.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $0.25 and a 200-day simple moving average of $0.27.
NXT Energy Solutions (OTCMKTS:NSFDF – Get Free Report) last released its quarterly 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 net margin of 312.44% and a negative return on equity of 62.75%.
About NXT Energy Solutions
NXT Energy Solutions Inc is a Canadian technology and energy-services company that provides airborne geophysical surveying services to the oil and gas industry. Its principal technology, known as Stress Field Detection (SFD), is designed to identify subsurface stress anomalies that may be associated with hydrocarbon accumulations.
The company’s SFD surveys are intended to help screen large and difficult-to-access areas during the early stages of petroleum exploration. By collecting data from aircraft, NXT Energy Solutions seeks to provide exploration companies and resource owners with information that can assist in evaluating prospective basins and prioritizing targets for further geological and geophysical investigation.
Headquartered in Calgary, Alberta, NXT Energy Solutions has marketed its technology for use in international exploration programs.
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