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

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

Nano Magic Price Performance

NMGX stock opened at $0.77 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.11 and a current ratio of 0.54. The company has a market capitalization of $10.79 million, a price-to-earnings ratio of -3.08 and a beta of 37.09. Nano Magic has a fifty-two week low of $0.30 and a fifty-two week high of $2.00. The stock has a fifty day moving average of $0.81 and a 200-day moving average of $0.77.

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

Nano Magic Company Profile

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.