NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Sees Significant Growth in Short Interest

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 31,600 shares, a growth of 16.6% from the August 31st total of 27,100 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 3.4 days.

NXT Energy Solutions Stock Performance

OTCMKTS NSFDF traded down $0.07 on Friday, hitting $0.16. 17,008 shares of the company traded hands, compared to its average volume of 46,424. The company has a market capitalization of $12.35 million, a price-to-earnings ratio of -2.63 and a beta of 1.48. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.27. The business’s 50 day moving average price is $0.16 and its 200-day moving average price is $0.14. NXT Energy Solutions has a 52-week low of $0.04 and a 52-week high of $0.34.

NXT Energy Solutions (OTCMKTS:NSFDF) last released its earnings results on Wednesday, August 14th. The energy company reported ($0.03) earnings per share for the quarter.

About NXT Energy Solutions

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.