Nexentis Technologies Inc. (NASDAQ:NXTS) Sees Large Decline in Short Interest

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

Nexentis Technologies Trading Down 7.7%

NASDAQ NXTS traded down $0.36 on Tuesday, reaching $4.31. 89,299 shares of the company were exchanged, compared to its average volume of 716,730. The business’s fifty day moving average price is $5.12 and its 200 day moving average price is $7.64. The stock has a market capitalization of $3.15 million, a P/E ratio of -0.04 and a beta of 1.76. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.01. Nexentis Technologies has a fifty-two week low of $3.38 and a fifty-two week high of $89.79.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Nexentis Technologies

A hedge fund recently bought a new position in Nexentis Technologies stock. DRW Securities LLC bought a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned 0.97% of Nexentis Technologies at the end of the most recent reporting period. 61.24% of the stock is currently owned by institutional investors and hedge funds.

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.