Off The Hook Ys Inc. (NYSEAMERICAN:NXB) Short Interest Down 47.5% in June

Off The Hook Ys Inc. (NYSEAMERICAN:NXB) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 16,462 shares, a drop of 47.5% from the May 31st total of 31,385 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 27,926 shares, the days-to-cover ratio is presently 0.6 days.

Off The Hook Ys Stock Performance

Shares of NXB stock traded down $0.02 during trading hours on Thursday, hitting $2.14. 10,967 shares of the company’s stock traded hands, compared to its average volume of 61,045. Off The Hook Ys has a 12-month low of $1.70 and a 12-month high of $3.90. The stock has a fifty day moving average price of $2.43.

Off The Hook Ys (NYSEAMERICAN:NXB) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $29.84 million during the quarter.

Insider Activity at Off The Hook Ys

In other news, Chairman Jason Daniel Ruegg sold 475,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $2.00, for a total transaction of $950,000.00. Following the completion of the sale, the chairman owned 10,775,000 shares of the company’s stock, valued at approximately $21,550,000. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian John sold 120,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $2.41, for a total transaction of $289,200.00. Following the completion of the sale, the chief executive officer directly owned 1,133,350 shares in the company, valued at approximately $2,731,373.50. This trade represents a 9.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 600,000 shares of company stock valued at $1,252,400 in the last quarter.

Institutional Investors Weigh In On Off The Hook Ys

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Off The Hook Ys during the fourth quarter valued at about $35,000. Geode Capital Management LLC purchased a new position in shares of Off The Hook Ys in the fourth quarter worth about $42,000. Millennium Management LLC purchased a new position in shares of Off The Hook Ys in the fourth quarter worth about $52,000. Finally, HRT Financial LP acquired a new stake in shares of Off The Hook Ys during the fourth quarter worth about $58,000.

Off The Hook Ys Company Profile

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.