NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Short Interest Update

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 620 shares, a growth of 30.8% from the November 30th total of 474 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,977 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 8,977 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

NXT Energy Solutions Trading Up 13.6%

Shares of OTCMKTS:NSFDF traded up $0.03 during trading on Tuesday, reaching $0.27. 29,650 shares of the company traded hands, compared to its average volume of 30,831. The business’s fifty day moving average is $0.26 and its 200-day moving average is $0.41. 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 52-week low of $0.10 and a 52-week high of $0.67. The firm has a market capitalization of $31.39 million, a price-to-earnings ratio of -6.75 and a beta of 1.60.

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

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.