Short Interest in Nexi S.p.A. (OTCMKTS:NEXXY) Rises By 69.2%

Nexi S.p.A. (OTCMKTS:NEXXY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 790 shares, an increase of 69.2% from the November 30th total of 467 shares. Based on an average daily volume of 781 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 781 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

NEXXY has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Nexi in a report on Tuesday, December 16th. BNP Paribas lowered shares of Nexi to a “neutral” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Nexi Stock Performance

Nexi stock remained flat at $4.75 during mid-day trading on Friday. The business’s fifty day simple moving average is $4.79 and its two-hundred day simple moving average is $5.51. Nexi has a one year low of $4.17 and a one year high of $6.74.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.