Short Interest in Nano Magic Inc. (OTCMKTS:NMGX) Decreases By 17.6%

Nano Magic Inc. (OTCMKTS:NMGX) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 5,600 shares, a drop of 17.6% from the August 31st total of 6,800 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 9.3 days.

Nano Magic Price Performance

NMGX opened at $0.77 on Monday. The stock’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.54 and a quick ratio of 0.11. Nano Magic has a 1 year low of $0.30 and a 1 year high of $2.00. The firm has a market cap of $10.79 million, a price-to-earnings ratio of -3.08 and a beta of 37.09.

Nano Magic (OTCMKTS:NMGX) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.06) earnings per share (EPS) for the quarter. Nano Magic had a negative return on equity of 438.98% and a negative net margin of 121.38%. The company had revenue of $0.62 million for the quarter.

About Nano Magic

Nano Magic Inc develops, commercializes, and markets consumer and industrial products using nanotechnology in the United States and Canada. The company offers liquid and towelette formulations for cleaning and protecting clear surfaces, such as electronic touchscreens, windshields, windows, mirrors, shower doors, eyeglasses, and sunglass lenses; liquid formulation packaged for retail and industrial sale for cleaning surfaces; and anti-fogging liquid and towelette formulations for sporting product applications and goggles.