N2OFF, Inc. (NASDAQ:NITO) Short Interest Up 748.4% in September

N2OFF, Inc. (NASDAQ:NITO) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 129,800 shares, an increase of 748.4% from the September 15th total of 15,300 shares. Currently, 22.8% of the company’s shares are sold short. Based on an average daily trading volume, of 302,700 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 302,700 shares, the short-interest ratio is presently 0.4 days. Currently, 22.8% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NITO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of N2OFF in a research note on Wednesday, October 8th. Wall Street Zen raised shares of N2OFF to a “sell” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

N2OFF Stock Performance

Shares of NASDAQ:NITO opened at $3.93 on Friday. N2OFF has a 52 week low of $3.57 and a 52 week high of $122.15. The company has a quick ratio of 4.72, a current ratio of 4.73 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $6.26 and a two-hundred day moving average price of $8.24.

N2OFF (NASDAQ:NITO) last issued its earnings results on Thursday, August 14th. The company reported ($6.30) EPS for the quarter. N2OFF had a negative net margin of 2,422.21% and a negative return on equity of 196.54%.

About N2OFF

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.