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

Nexalin Technology, Inc. (NASDAQ:NXL) saw a decrease in short interest in May, with a 16.9% drop from the previous month’s total of 72,900 shares to 60,600 shares sold short. 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.

On March 27th, Nexalin Technology reported its earnings results, with an EPS of ($0.10) for the quarter and revenue of $0.02 million. The company had a negative return on equity of 154.84% and a negative net margin of 3,088.12%.

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