Nexalin Technology’s Short Interest Decreases by 16.9% in May

Posted on by Samantha Johnson
Short Interest in Nexalin Technology, Inc. (NASDAQ:NXL) Drops By 16.9%
1 min read

In May, Nexalin Technology, Inc. (NASDAQ:NXL – Get Free Report) experienced a significant decrease in short interest. On May 31st, there were 60,600 shares sold short, a 16.9% decrease from the total on May 15th. This accounts for approximately 1.0% of the company’s shares being sold short with an average daily trading volume of 544,300 shares.

As of June 1st, Nexalin Technology’s stock opened at $0.90 and has a one-year low of $0.25 and a one-year high of $3.40. The company has a market capitalization of $6.69 million, a PE ratio of -1.36, and a beta of 5.13. The fifty-day moving average is $1.31 while the 200-day moving average is $0.80.

On March 27th, Nexalin Technology (NASDAQ:NXL – Get Free Report) reported its earnings results revealing EPS of ($0.10) for the quarter with revenue of $

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