NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Sees Significant Decline in Short Interest

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 27,300 shares, a drop of 26.4% from the February 28th total of 37,100 shares. Based on an average daily volume of 114,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

NXT Energy Solutions Price Performance

NSFDF remained flat at $0.17 during trading on Tuesday. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.28 and a quick ratio of 0.28. NXT Energy Solutions has a one year low of $0.04 and a one year high of $0.40. The stock has a market cap of $13.10 million, a P/E ratio of -2.75 and a beta of 1.47. The business has a fifty day moving average price of $0.17 and a two-hundred day moving average price of $0.15.

NXT Energy Solutions (OTCMKTS:NSFDF) last issued its earnings results on Thursday, March 27th. The energy company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million for the quarter.

NXT Energy Solutions Company Profile

NXT Energy Solutions Inc, a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.