NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Short Interest Down 26.4% in March

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 27,300 shares, a drop of 26.4% from the February 28th total of 37,100 shares. Based on an average trading volume of 114,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

NXT Energy Solutions Price Performance

NXT Energy Solutions stock opened at $0.17 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.30. NXT Energy Solutions has a 52-week low of $0.04 and a 52-week high of $0.40. The firm has a market cap of $13.06 million, a PE ratio of -2.75 and a beta of 1.47. The company’s 50 day moving average is $0.17 and its two-hundred day moving average is $0.15.

NXT Energy Solutions (OTCMKTS:NSFDF) last released its earnings results on Thursday, March 27th. The energy company reported ($0.03) EPS for the quarter. The company had revenue of $0.03 million during the quarter.

NXT Energy Solutions Company Profile

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.