Nayax Ltd. (NASDAQ:NYAX) Short Interest Down 50.3% in February

Nayax Ltd. (NASDAQ:NYAX) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 12,799 shares, a drop of 50.3% from the February 12th total of 25,774 shares. Based on an average daily volume of 12,894 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 12,894 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. William Blair reiterated an “outperform” rating on shares of Nayax in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nayax currently has an average rating of “Hold” and an average target price of $51.67.

Institutional Investors Weigh In On Nayax

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares in the last quarter. Savant Capital LLC purchased a new stake in Nayax during the 2nd quarter worth about $433,000. Geode Capital Management LLC lifted its holdings in Nayax by 19.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after buying an additional 5,523 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in shares of Nayax by 6.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock worth $59,025,000 after acquiring an additional 72,751 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Down 1.4%

Nayax stock traded down $0.82 during trading on Thursday, reaching $57.30. The stock had a trading volume of 14,170 shares, compared to its average volume of 12,074. Nayax has a 52-week low of $32.38 and a 52-week high of $60.76. The business has a 50 day moving average price of $55.94 and a 200 day moving average price of $49.61. The company has a quick ratio of 1.62, a current ratio of 2.26 and a debt-to-equity ratio of 1.43. The stock has a market cap of $2.10 billion, a PE ratio of 60.32 and a beta of 0.19.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.