NXT Energy Solutions Inc. (OTCMKTS:NSFDF) Short Interest Up 2,648.0% in June

NXT Energy Solutions Inc. (OTCMKTS:NSFDF) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 68,700 shares, a growth of 2,648.0% from the June 15th total of 2,500 shares. Based on an average daily trading volume, of 195,300 shares, the days-to-cover ratio is presently 0.4 days.

NXT Energy Solutions Price Performance

OTCMKTS NSFDF remained flat at $0.21 during trading hours on Friday. The company’s 50 day moving average is $0.13 and its two-hundred day moving average is $0.13. NXT Energy Solutions has a one year low of $0.04 and a one year high of $0.34. The stock has a market capitalization of $16.59 million, a price-to-earnings ratio of -3.54 and a beta of 1.51. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.66.

NXT Energy Solutions (OTCMKTS:NSFDF) last released its quarterly earnings results on Tuesday, May 14th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.45 million during 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.