Nexi S.p.A. (OTCMKTS:NEXXY) Stock Short Interest Jumps 68,750.0%

Nexi S.p.A. (OTCMKTS:NEXXY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,754 shares, an increase of 68,750.0% from the September 15th total of 4 shares. Based on an average daily volume of 634 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “neutral” rating on shares of Nexi in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nexi currently has an average rating of “Reduce”.

Nexi Stock Performance

Shares of Nexi stock traded up $0.01 during trading on Friday, reaching $4.54. The company’s stock had a trading volume of 298 shares, compared to its average volume of 6,319. The company has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $4.40. Nexi has a fifty-two week low of $3.00 and a fifty-two week high of $5.59.

About Nexi

Nexi S.p.A. is an Italian paytech company that provides digital payment infrastructure and transaction-processing services to financial institutions, merchants, businesses and public-sector organizations. The company supports card payments, account-based payments and other electronic payment methods across in-store, online and mobile channels.

Its services include merchant acquiring, payment acceptance and point-of-sale solutions, e-commerce payment gateways, card issuing and processing, digital banking services, automated teller machine management and related technology and security tools.