NextNRG Inc. (NASDAQ:NXXT) Short Interest Update

NextNRG Inc. (NASDAQ:NXXT) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 621,465 shares, a decrease of 85.2% from the August 31st total of 4,203,124 shares. Based on an average daily volume of 280,484 shares, the short-interest ratio is presently 2.2 days. Currently, 8.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NXXT shares. Wall Street Zen raised NextNRG to a “hold” rating in a research report on Saturday, September 19th. HC Wainwright cut their price target on NextNRG to $15.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Zacks Research raised NextNRG from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings raised NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NextNRG presently has an average rating of “Hold” and an average target price of $15.00.

Hedge Funds Weigh In On NextNRG

Several hedge funds have recently made changes to their positions in the stock. Themes Management Co LLC purchased a new stake in NextNRG during the 1st quarter worth about $100,000. Susquehanna International Group LLP grew its holdings in NextNRG by 872.9% during the 2nd quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock valued at $49,000 after buying an additional 126,244 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in NextNRG during the 2nd quarter valued at about $33,000. 10.56% of the stock is currently owned by hedge funds and other institutional investors.

NextNRG Trading Down 3.0%

Shares of NXXT stock traded down $0.03 during trading on Friday, reaching $0.85. 157,559 shares of the company’s stock traded hands, compared to its average volume of 282,243. The firm’s 50-day moving average is $2.25 and its 200 day moving average is $3.66. The company has a market capitalization of $14.30 million, a P/E ratio of -0.19 and a beta of 0.04. NextNRG has a 1 year low of $0.82 and a 1 year high of $28.80.

NextNRG Company Profile

NextNRG, Inc is an energy and mobility company focused on providing fueling and electric-vehicle charging solutions. Its services are designed to help consumers, businesses and commercial fleets access energy more conveniently through mobile fuel delivery and charging infrastructure.

The company’s business includes mobile gasoline and diesel delivery, as well as the development and operation of electric-vehicle charging capabilities. Its platform is intended to support fleet operators and other customers seeking alternatives to conventional, fixed-location fueling.

NextNRG was previously known as EZFill Holdings, Inc, a company associated with on-demand mobile fueling services.