Nano Magic Inc. (OTCMKTS:NMGX) Short Interest Down 33.8% in November

Nano Magic Inc. (OTCMKTS:NMGX) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 5,100 shares, a decrease of 33.8% from the November 15th total of 7,700 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 2.1 days.

Nano Magic Stock Performance

Shares of OTCMKTS NMGX remained flat at $0.73 during trading on Friday. The company has a quick ratio of 0.17, a current ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $10.20 million, a P/E ratio of -2.51 and a beta of 36.54. Nano Magic has a twelve month low of $0.30 and a twelve month high of $2.00. The company’s 50-day moving average price is $0.65 and its 200 day moving average price is $0.78.

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.