Short Interest in Nexentis Technologies Inc. (NASDAQ:NXTS) Grows By 122.8%

Nexentis Technologies Inc. (NASDAQ:NXTSGet Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 61,966 shares, a growth of 122.8% from the July 15th total of 27,813 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily volume of 96,447 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nexentis Technologies in a research report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Nexentis Technologies

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Nexentis Technologies stock. Yorkville Advisors Global LP bought a new stake in Nexentis Technologies Inc. (NASDAQ:NXTSFree Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 16,409 shares of the company’s stock, valued at approximately $70,724,000. Yorkville Advisors Global LP owned 1.13% of Nexentis Technologies at the end of the most recent reporting period. 61.24% of the stock is owned by institutional investors and hedge funds.

Nexentis Technologies Stock Performance

NASDAQ:NXTS traded down $0.04 during mid-day trading on Friday, hitting $1.91. The company’s stock had a trading volume of 13,746 shares, compared to its average volume of 85,843. The business’s fifty day moving average is $3.56 and its two-hundred day moving average is $4.92. The stock has a market cap of $2.77 million, a price-to-earnings ratio of -0.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.73 and a quick ratio of 4.73. Nexentis Technologies has a 1 year low of $1.43 and a 1 year high of $58.75.

Nexentis Technologies Company Profile

(Get Free Report)

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.

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