Nexentis Technologies Inc. (NASDAQ:NXTS) Short Interest Update

Nexentis Technologies Inc. (NASDAQ:NXTS – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 27,813 shares, a decline of 71.4% from the June 30th total of 97,136 shares. Based on an average daily volume of 104,598 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nexentis Technologies in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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Hedge Funds Weigh In On Nexentis Technologies

An institutional investor recently bought a new position in Nexentis Technologies stock. DRW Securities LLC purchased a new stake in Nexentis Technologies Inc. (NASDAQ:NXTS – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned approximately 0.97% of Nexentis Technologies as of its most recent filing with the SEC. 61.24% of the stock is owned by institutional investors and hedge funds.

Nexentis Technologies Stock Down 5.8%

Shares of NXTS traded down $0.11 during trading hours on Friday, hitting $1.80. The company had a trading volume of 18,677 shares, compared to its average volume of 135,319. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.61 million, a PE ratio of -0.02 and a beta of 1.80. Nexentis Technologies has a one year low of $1.76 and a one year high of $82.30. The company’s fifty day moving average price is $4.50 and its two-hundred day moving average price is $5.94.

About Nexentis Technologies

(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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