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

Nexentis Technologies Inc. (NASDAQ:NXTS) was the recipient 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. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 104,598 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

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

Nexentis Technologies Stock Down 5.8%

NXTS stock traded down $0.11 on Friday, hitting $1.80. 18,677 shares of the company’s stock were exchanged, compared to its average volume of 135,319. Nexentis Technologies has a 12-month low of $1.76 and a 12-month high of $82.30. The firm has a 50 day moving average price of $4.50 and a two-hundred day moving average price of $5.94. 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 stock has a market cap of $2.61 million, a P/E ratio of -0.02 and a beta of 1.80.

Institutional Investors Weigh In On Nexentis Technologies

An institutional investor recently bought a new stake in Nexentis Technologies stock. DRW Securities LLC acquired a new stake in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing. Institutional investors and hedge funds own 61.24% of the company’s stock.

Nexentis Technologies Company Profile

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.