Nexentis Technologies Inc. (NASDAQ:NXTS – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 11,877 shares, a decrease of 52.7% from the May 31st total of 25,088 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 15,265 shares, the short-interest ratio is currently 0.8 days.
Hedge Funds Weigh In On Nexentis Technologies
A hedge fund recently bought a new position in Nexentis Technologies stock. DRW Securities LLC acquired a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned approximately 0.97% of Nexentis Technologies at the end of the most recent quarter. 61.24% of the stock is owned by hedge funds and other institutional investors.
Nexentis Technologies Price Performance
Shares of NASDAQ NXTS traded up $0.15 during trading hours on Wednesday, reaching $4.46. The stock had a trading volume of 76,879 shares, compared to its average volume of 3,932,235. Nexentis Technologies has a twelve month low of $3.38 and a twelve month high of $89.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.73 and a current ratio of 4.73. The business’s fifty day moving average is $5.12 and its two-hundred day moving average is $7.51.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nexentis Technologies in a report on Friday, April 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Nexentis Technologies currently has an average rating of “Sell”.
Get Our Latest Analysis on NXTS
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.
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