Nexi S.p.A. (OTCMKTS:NEXXY) Shares Shorted: Short Interest Down 97.6% in October

Nexi S.p.A. (OTCMKTS:NEXXY) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 66 shares, a drop of 97.6% from the September 30th total of 2,754 shares. Based on an average daily trading volume, of 510 shares, the short-interest ratio is presently 0.1 days.

Nexi Trading Down 1.2%

Shares of NEXXY traded down $0.06 during midday trading on Monday, reaching $4.80. 53,640 shares of the company were exchanged, compared to its average volume of 6,514. The stock has a 50-day moving average price of $4.78 and a 200-day moving average price of $4.32. Nexi has a 1-year low of $3.00 and a 1-year high of $5.54.

Analyst Ratings Changes

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

About Nexi

Nexi S.p.A. is an Italian PayTech company that provides digital payment infrastructure and transaction services to merchants, banks, businesses and public-sector organizations. Its activities include merchant acquiring, card issuing, payment processing, point-of-sale services, e-commerce payments and digital payment solutions.

The company offers technology and services that support card and account-based payments, including payment terminals, online checkout tools, mobile payments, automated teller machine management and fraud-prevention capabilities.