Short Interest in Nexi S.p.A. (OTCMKTS:NEXXY) Expands By 69.2%

Nexi S.p.A. (OTCMKTS:NEXXY) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 790 shares, a growth of 69.2% from the November 30th total of 467 shares. Based on an average daily volume of 781 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 781 shares, the short-interest ratio is presently 1.0 days.

Nexi Price Performance

OTCMKTS:NEXXY remained flat at $4.75 on Tuesday. The firm’s fifty day moving average is $4.78 and its 200-day moving average is $5.50. Nexi has a 1 year low of $4.17 and a 1 year high of $6.74.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Nexi in a research note on Tuesday, December 16th. BNP Paribas cut shares of Nexi to a “neutral” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.