Short Interest in N2OFF, Inc. (NASDAQ:NITO) Expands By 1,039.0%

N2OFF, Inc. (NASDAQ:NITO) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 821,200 shares, an increase of 1,039.0% from the August 15th total of 72,100 shares. Based on an average trading volume of 2,770,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 12.9% of the company’s stock are short sold.

N2OFF Stock Performance

Shares of NASDAQ NITO traded up $0.01 during midday trading on Friday, hitting $0.36. 2,580,661 shares of the company’s stock were exchanged, compared to its average volume of 1,327,868. The firm has a fifty day simple moving average of $0.40. N2OFF has a twelve month low of $0.25 and a twelve month high of $7.55.

N2OFF (NASDAQ:NITO) last issued its earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter.

N2OFF Company Profile

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.