Nayax Ltd. (NASDAQ:NYAX) Sees Large Growth in Short Interest

Nayax Ltd. (NASDAQ:NYAX) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 66,830 shares, a growth of 124.0% from the August 15th total of 29,841 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,201 shares, the short-interest ratio is presently 2.4 days.

Nayax Price Performance

Shares of NASDAQ:NYAX traded down $0.91 during trading hours on Tuesday, hitting $45.12. 53,603 shares of the company’s stock traded hands, compared to its average volume of 20,353. The company’s fifty day simple moving average is $58.51 and its two-hundred day simple moving average is $61.81. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 214.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. Nayax has a 52 week low of $39.17 and a 52 week high of $76.86.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. As a group, equities analysts anticipate that Nayax will post 0.75 EPS for the current fiscal year.

Insider Transactions at Nayax

In related news, CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $66.74, for a total transaction of $83,558.48. Following the sale, the chief financial officer directly owned 45,238 shares in the company, valued at $3,019,184.12. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eden Zafrani sold 500 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $64.89, for a total transaction of $32,445.00. Following the completion of the sale, the insider directly owned 14,869 shares of the company’s stock, valued at $964,849.41. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,213 shares of company stock worth $205,569.

Institutional Investors Weigh In On Nayax

Several large investors have recently modified their holdings of NYAX. Altshuler Shaham Ltd increased its stake in Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,731 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax in the second quarter worth approximately $239,000. Bank of America Corp DE increased its position in shares of Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after acquiring an additional 8,727 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Nayax during the second quarter valued at approximately $650,000. Finally, Legato Capital Management LLC purchased a new stake in shares of Nayax in the 4th quarter valued at approximately $1,072,000. 34.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Wednesday, May 27th. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, UBS Group reiterated a “neutral” rating and set a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.76.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.