Short Interest in Nano Magic Inc. (OTCMKTS:NMGX) Declines By 33.8%

Nano Magic Inc. (OTCMKTS:NMGX) was the recipient of a significant 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 daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 2.1 days.

Nano Magic Stock Performance

Shares of OTCMKTS:NMGX remained flat at $0.73 during trading on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.54 and a quick ratio of 0.17. Nano Magic has a 12-month low of $0.30 and a 12-month high of $2.00. The firm’s 50-day simple moving average is $0.65 and its two-hundred day simple moving average is $0.78. The stock has a market capitalization of $10.20 million, a price-to-earnings ratio of -2.51 and a beta of 36.54.

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.