Nexentis Technologies Inc. (NASDAQ:NXTS) Shares Shorted: Short Interest Up 62.4% in October

Nexentis Technologies Inc. (NASDAQ:NXTS) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 61,274 shares, a growth of 62.4% from the September 30th total of 37,720 shares. Currently, 4.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,706,331 shares, the days-to-cover ratio is presently 0.0 days.

Nexentis Technologies Price Performance

NXTS stock traded down $0.03 on Monday, reaching $0.55. 21,980 shares of the company’s stock were exchanged, compared to its average volume of 550,579. The stock has a fifty day moving average of $1.25 and a 200-day moving average of $4.21. Nexentis Technologies has a twelve month low of $0.50 and a twelve month high of $24.15. The firm has a market cap of $803,300.00, a PE ratio of -0.01 and a beta of 1.95. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nexentis Technologies in a research report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Nexentis Technologies

An institutional investor recently bought a new stake in Nexentis Technologies stock. Yorkville Advisors Global LP bought a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,409 shares of the company’s stock, valued at approximately $70,724. Yorkville Advisors Global LP owned approximately 1.13% of Nexentis Technologies as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.