Nexity SA (OTCMKTS:NNXXY) Stock Short Interest Rises 403.5%

Nexity SA (OTCMKTS:NNXXY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,596 shares, a growth of 403.5% from the September 15th total of 317 shares. Based on an average daily volume of 1,835 shares, the days-to-cover ratio is presently 0.9 days.

Nexity Price Performance

OTCMKTS:NNXXY remained flat at C$1.08 during mid-day trading on Friday. The stock has a fifty day simple moving average of C$1.47 and a two-hundred day simple moving average of C$1.76. Nexity has a 52-week low of C$1.08 and a 52-week high of C$2.09.

Nexity Company Profile

Nexity is a French real estate company focused primarily on residential property development and related services. Its activities include the design, development and sale of new homes, including apartments, houses and mixed-use residential projects. The company also works with institutional and public-sector partners on urban development and regeneration projects.

Historically, Nexity was established in 2000 from the real estate activities of Vivendi and became a publicly traded company in 2004.