Nixxy, Inc. (NASDAQ:NIXX) Stock Short Interest Falls 50.4%

Nixxy, Inc. (NASDAQ:NIXX – Get Free Report) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 223,076 shares, a drop of 50.4% from the August 31st total of 449,683 shares. Based on an average daily trading volume, of 390,767 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.8% of the company’s stock are short sold.

Nixxy Trading Up 3.4%

Shares of NASDAQ NIXX traded up $0.01 during trading on Tuesday, reaching $0.33. 34,552 shares of the company traded hands, compared to its average volume of 1,709,819. The stock has a market cap of $9.45 million, a P/E ratio of -2.52 and a beta of 0.41. The firm’s fifty day simple moving average is $0.59 and its 200 day simple moving average is $0.79. Nixxy has a 12-month low of $0.30 and a 12-month high of $1.97.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NIXX shares. Weiss Ratings upgraded shares of Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Wall Street Zen lowered shares of Nixxy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nixxy has an average rating of “Sell”.

Check Out Our Latest Stock Report on NIXX

Nixxy Company Profile

(Get Free Report)

Nixxy, Inc (NASDAQ: NIXX) is a diversified holding company focused on acquiring, developing and operating businesses with growth potential. Its activities span areas such as technology, digital media and consumer products.

The company seeks to support its businesses through strategic investment, operational guidance and the development of products and services designed for consumer and commercial markets. Its portfolio approach allows Nixxy to pursue opportunities across multiple industries rather than focusing on a single product line.

Nixxy was formerly known as Vinco Ventures, Inc and adopted its current name as part of a broader corporate repositioning.

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