Nano Magic Inc. (OTCMKTS:NMGX) Sees Significant Decline in Short Interest

Nano Magic Inc. (OTCMKTS:NMGX) saw a large decrease in short interest during 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 currently 9.3 days.

Nano Magic Stock Performance

OTCMKTS:NMGX remained flat at $0.77 during trading hours on Friday. The stock has a fifty day moving average of $0.81 and a 200-day moving average of $0.77. The company has a quick ratio of 0.11, a current ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock has a market cap of $10.79 million, a PE ratio of -3.08 and a beta of 37.09. Nano Magic has a one year low of $0.30 and a one year high of $2.00.

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

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.