Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Down 67.5% in March

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 9,026 shares, a decrease of 67.5% from the February 26th total of 27,735 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 42,944 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Next Technology

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in Next Technology during the 4th quarter valued at $61,000. Bridgeway Capital Management LLC bought a new position in Next Technology during the 4th quarter valued at $61,000. DRW Securities LLC purchased a new position in Next Technology during the 4th quarter worth $183,000. BNP Paribas Financial Markets purchased a new position in Next Technology during the 3rd quarter worth $42,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Next Technology in the 2nd quarter worth $92,000. Institutional investors and hedge funds own 2.71% of the company’s stock.

Next Technology Trading Up 41.6%

Next Technology stock traded up $0.62 during midday trading on Friday, reaching $2.10. The stock had a trading volume of 4,440,711 shares, compared to its average volume of 1,249,020. The company has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $11.85. Next Technology has a 12 month low of $0.45 and a 12 month high of $960.00. The company has a market capitalization of $10.23 million, a P/E ratio of 0.05 and a beta of 7.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Next Technology in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Next Technology has an average rating of “Sell”.

About Next Technology

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.