NextNRG Inc. (NASDAQ:NXXT) Sees Significant Decline in Short Interest

NextNRG Inc. (NASDAQ:NXXT) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 4,878,830 shares, a decline of 20.7% from the February 12th total of 6,154,978 shares. Based on an average trading volume of 1,314,670 shares, the short-interest ratio is currently 3.7 days. Currently, 11.7% of the shares of the stock are sold short. Currently, 11.7% of the shares of the stock are sold short. Based on an average trading volume of 1,314,670 shares, the short-interest ratio is currently 3.7 days.

NextNRG Stock Performance

NASDAQ:NXXT traded down $0.01 on Tuesday, hitting $0.49. 530,344 shares of the stock were exchanged, compared to its average volume of 1,607,905. NextNRG has a 52 week low of $0.47 and a 52 week high of $3.59. The stock has a market capitalization of $66.33 million, a price-to-earnings ratio of -0.24 and a beta of -0.52. The company’s 50-day moving average price is $0.84 and its 200 day moving average price is $1.41.

Insider Buying and Selling at NextNRG

In other NextNRG news, Director Daniel Ronald Arbour sold 31,446 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 86,513 shares of the company’s stock, valued at approximately $126,308.98. The trade was a 26.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 69.10% of the company’s stock.

Hedge Funds Weigh In On NextNRG

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in NextNRG during the second quarter valued at approximately $26,000. Intech Investment Management LLC bought a new position in NextNRG during the 2nd quarter worth about $29,000. JPMorgan Chase & Co. bought a new position in shares of NextNRG during the second quarter worth about $33,000. XTX Topco Ltd acquired a new stake in shares of NextNRG in the fourth quarter valued at approximately $27,000. Finally, Sovran Advisors LLC acquired a new stake in NextNRG in the 4th quarter valued at $29,000. 10.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a report on Thursday, January 22nd. Wall Street Zen downgraded NextNRG from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.50.

About NextNRG

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.