Short Interest in NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Declines By 45.5%

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 16,300 shares, a decline of 45.5% from the May 15th total of 29,900 shares. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

NXT Energy Solutions Price Performance

OTCMKTS:NSFDF remained flat at $0.34 during trading hours on Friday. The firm has a market cap of $31.64 million, a PE ratio of -5.67 and a beta of 1.42. NXT Energy Solutions has a 1-year low of $0.09 and a 1-year high of $0.50. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.30. The company has a 50 day simple moving average of $0.29 and a two-hundred day simple moving average of $0.20.

NXT Energy Solutions (OTCMKTS:NSFDF) last issued its earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share for the quarter. The firm had revenue of $8.68 million during 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.