Short Interest in NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Expands By 1,240.2%

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 7,331 shares, an increase of 1,240.2% from the December 15th total of 547 shares. Based on an average daily volume of 20,591 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 20,591 shares, the short-interest ratio is currently 0.4 days.

NXT Energy Solutions Trading Down 14.8%

OTCMKTS:NSFDF traded down $0.04 on Wednesday, hitting $0.21. 2,250 shares of the stock were exchanged, compared to its average volume of 10,523. The stock has a fifty day moving average of $0.24 and a 200-day moving average of $0.40. The stock has a market cap of $24.91 million, a PE ratio of -5.25 and a beta of 1.40. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. NXT Energy Solutions has a fifty-two week low of $0.12 and a fifty-two week high of $0.67.

NXT Energy Solutions (OTCMKTS:NSFDF) last released its quarterly earnings data on Wednesday, November 12th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. NXT Energy Solutions had a negative return on equity of 49.12% and a negative net margin of 29.96%.The business had revenue of $0.07 million during the quarter.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc is a Canadian technology company specializing in non-invasive subsurface exploration for the oil and gas industry. Headquartered in Langley, British Columbia, the company develops and deploys advanced electromagnetic and magnetic gradiometry survey systems designed to detect and map hydrocarbon reservoirs without the need for traditional drilling or seismic sources. By integrating multiple geophysical techniques, NXT Energy Solutions aims to reduce exploration risk, optimize well placement and improve overall reservoir characterization.

The company’s core offering centers on a patented low-frequency electromagnetic (“EM”) technology combined with high-sensitivity magnetic gradiometer sensors.