Nexentis Technologies Inc. (NASDAQ:NXTS) Sees Significant Decrease in Short Interest

Nexentis Technologies Inc. (NASDAQ:NXTS) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 11,877 shares, a decline of 52.7% from the May 31st total of 25,088 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 15,265 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Nexentis Technologies

An institutional investor recently bought a new position in Nexentis Technologies stock. DRW Securities LLC bought a new position in Nexentis Technologies Inc. (NASDAQ:NXTS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 & Exchange Commission. 61.24% of the stock is currently owned by institutional investors and hedge funds.

Nexentis Technologies Stock Up 3.5%

NXTS stock opened at $4.46 on Thursday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $5.12 and its 200 day moving average is $7.39. The stock has a market cap of $3.26 million, a price-to-earnings ratio of -0.04 and a beta of 1.76. Nexentis Technologies has a 1-year low of $3.38 and a 1-year high of $89.79.

Nexentis Technologies (NASDAQ:NXTS) last announced its earnings results on Wednesday, April 1st. The company reported ($2.66) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

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

About Nexentis Technologies

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.