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

Nexentis Technologies Inc. (NASDAQ:NXTS) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 61,966 shares, an increase of 122.8% from the July 15th total of 27,813 shares. Based on an average daily trading volume, of 96,447 shares, the short-interest ratio is presently 0.6 days. Currently, 4.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nexentis Technologies stock. DRW Securities LLC purchased a new position in Nexentis Technologies Inc. (NASDAQ:NXTS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned approximately 0.97% of Nexentis Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 61.24% of the company’s stock.

Nexentis Technologies Trading Down 2.1%

Shares of NXTS stock traded down $0.04 on Friday, hitting $1.91. The stock had a trading volume of 13,746 shares, compared to its average volume of 85,843. Nexentis Technologies has a twelve month low of $1.43 and a twelve month high of $58.75. The firm has a market cap of $2.77 million, a P/E ratio of -0.02 and a beta of 1.83. 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 fifty day moving average price of $3.56 and a two-hundred day moving average price of $4.92.

About Nexentis Technologies

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.