Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Up ∞ in August

Nexi S.p.A. (OTCMKTS:NEXXY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 4 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 1,113 shares, the days-to-cover ratio is presently 0.0 days.

Nexi Price Performance

Shares of OTCMKTS NEXXY traded up $0.11 during mid-day trading on Wednesday, hitting $4.76. The stock had a trading volume of 281 shares, compared to its average volume of 6,620. The company has a 50 day moving average of $4.76 and a two-hundred day moving average of $4.26. Nexi has a twelve month low of $3.00 and a twelve month high of $5.85.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Nexi Company Profile

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.