NextNRG Inc. (NASDAQ:NXXT) Short Interest Up 26.8% in January

NextNRG Inc. (NASDAQ:NXXT) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,602,887 shares, an increase of 26.8% from the December 31st total of 4,418,017 shares. Approximately 13.5% of the shares of the company are sold short. Based on an average daily volume of 1,915,113 shares, the short-interest ratio is presently 2.9 days. Based on an average daily volume of 1,915,113 shares, the short-interest ratio is presently 2.9 days. Approximately 13.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NXXT shares. Wall Street Zen raised NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

NextNRG Stock Down 8.9%

NASDAQ:NXXT traded down $0.08 during trading hours on Monday, hitting $0.85. 3,088,078 shares of the stock traded hands, compared to its average volume of 1,989,030. The company has a market cap of $113.90 million, a price-to-earnings ratio of -0.42 and a beta of -0.56. NextNRG has a 1 year low of $0.76 and a 1 year high of $4.34. The stock has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.60.

NextNRG (NASDAQ:NXXT) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $22.86 million for the quarter, compared to analysts’ expectations of $20.93 million.

Insider Buying and Selling

In other NextNRG news, Director Daniel Ronald Arbour sold 31,446 shares of NextNRG stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $1.46, for a total value of $45,911.16. Following the completion of the sale, the director owned 86,513 shares of the company’s stock, valued at approximately $126,308.98. The trade was a 26.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Avishai Vaknin sold 15,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the sale, the chief technology officer owned 284,204 shares of the company’s stock, valued at approximately $568,408. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 297,056 shares of company stock worth $362,264. 69.10% of the stock is owned by insiders.

Hedge Funds Weigh In On NextNRG

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of NextNRG during the second quarter worth about $26,000. Sovran Advisors LLC bought a new position in NextNRG in the 4th quarter worth approximately $29,000. Intech Investment Management LLC purchased a new stake in NextNRG during the 2nd quarter valued at approximately $29,000. JPMorgan Chase & Co. bought a new stake in shares of NextNRG during the second quarter valued at approximately $33,000. Finally, Millennium Management LLC bought a new stake in shares of NextNRG during the third quarter valued at approximately $66,000. 10.56% of the stock is currently owned by hedge funds and other institutional investors.

NextNRG Company Profile

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.