Nixxy, Inc. (NASDAQ:NIXX) Stock Short Interest Falls 41.3%

Nixxy, Inc. (NASDAQ:NIXX) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 62,529 shares, a drop of 41.3% from the September 30th total of 106,524 shares. Based on an average daily volume of 550,469 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of analysts recently commented on NIXX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nixxy in a report on Wednesday, October 14th. Wall Street Zen cut shares of Nixxy from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Nixxy Trading Down 3.2%

Shares of NASDAQ NIXX traded down $0.01 during mid-day trading on Friday, reaching $0.21. The company had a trading volume of 146,068 shares, compared to its average volume of 592,180. The stock has a market cap of $6.19 million, a PE ratio of -1.65 and a beta of 0.41. The company has a 50-day moving average price of $0.40 and a two-hundred day moving average price of $0.70. Nixxy has a 1-year low of $0.17 and a 1-year high of $1.75.

Nixxy (NASDAQ:NIXX) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The firm had revenue of $16.09 million during the quarter, compared to analyst estimates of $6.77 million. Nixxy had a negative net margin of 6.19% and a negative return on equity of 74.47%.

Nixxy Company Profile

Nixxy, Inc (NASDAQ: NIXX) is a diversified holding company focused on acquiring, developing and operating businesses in technology, media and consumer-oriented sectors. The company seeks to build value through strategic acquisitions and operational support of its portfolio businesses.

Nixxy was formerly known as Recruiter.com Group, Inc Its historical operations were centered on recruitment and workforce solutions, including an online platform that connected employers with recruiters and provided hiring-related services.