Nexalin Technology Inc.: A Positive Outlook Despite Decrease in Short Interest

Nexalin Technology, Inc. (NASDAQ:NXL – Get Free Report) experienced a significant decrease in short interest during the month of May. As of May 31st, there were 60,600 shares sold short, a 16.9% decrease from the total on May 15th. This represents approximately 1.0% of the company’s shares being sold short. With an average daily trading volume of 544,300 shares, the short-interest ratio is currently 0.1 days.

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. The fifty-day moving average is $1.31, while the 200-day moving average is $0.80.

On Wednesday March 27th Nexalin Technology reported its earnings results for the quarter ending March 31st , disclosing EPS ($