Nexalin Technology, Inc. (NASDAQ:NXL) experienced a significant decrease in short interest in the month of May. As of May 31st, there were 60,600 shares sold short, a 16.9% drop from the May 15th total of 72,900 shares. This accounts for approximately 1.0% of the company’s shares being sold short, with a short-interest ratio of 0.1 days based on an average daily trading volume of 544,300 shares.
The stock of Nexalin Technology opened at $0.90 on Friday, with 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. It also has a fifty-day moving average of $1.31 and a 200-day moving average of $0.80.
On March 27th, Nexalin Technology reported its earnings results for the quarter ended December 31st, with an EPS ($)
