NextNRG Inc. (NASDAQ:NXXT) Short Interest Update

NextNRG Inc. (NASDAQ:NXXT) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 4,425,776 shares, a growth of 52.4% from the November 30th total of 2,903,665 shares. Based on an average daily trading volume, of 2,540,083 shares, the days-to-cover ratio is currently 1.7 days. Currently, 10.7% of the shares of the stock are short sold. Currently, 10.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,540,083 shares, the days-to-cover ratio is currently 1.7 days.

Insider Activity

In other news, CTO Avishai Vaknin sold 15,509 shares of NextNRG stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $2.01, for a total value of $31,173.09. Following the transaction, the chief technology officer owned 49,204 shares of the company’s stock, valued at $98,900.04. The trade was a 23.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Ronald Arbour sold 42,109 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $1.31, for a total transaction of $55,162.79. Following the completion of the sale, the director owned 169,709 shares in the company, valued at $222,318.79. The trade was a 19.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 124,368 shares of company stock valued at $182,697 in the last ninety days. Company insiders own 69.10% of the company’s stock.

Institutional Trading of NextNRG

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NextNRG by 131.2% during the third quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock worth $1,920,000 after acquiring an additional 595,448 shares in the last quarter. Forefront Wealth Partners LLC bought a new stake in shares of NextNRG in the 3rd quarter worth about $917,000. Geode Capital Management LLC increased its position in shares of NextNRG by 2,274.3% during the 2nd quarter. Geode Capital Management LLC now owns 314,454 shares of the company’s stock worth $871,000 after purchasing an additional 301,210 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of NextNRG during the 3rd quarter worth about $139,000. Finally, New York State Common Retirement Fund bought a new position in NextNRG during the 2nd quarter valued at about $103,000. Institutional investors and hedge funds own 10.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. HC Wainwright started coverage on shares of NextNRG in a report on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a report on Wednesday, October 8th. Wall Street Zen raised shares of NextNRG from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Zacks Research upgraded shares of NextNRG to a “hold” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

NextNRG Price Performance

Shares of NextNRG stock traded down $0.16 during trading on Monday, hitting $1.42. 1,097,637 shares of the company’s stock traded hands, compared to its average volume of 709,146. The company has a market cap of $190.86 million, a PE ratio of -0.70 and a beta of -0.53. The firm’s fifty day moving average price is $1.58 and its 200 day moving average price is $1.86. NextNRG has a twelve month low of $0.93 and a twelve month high of $4.34.

NextNRG (NASDAQ:NXXT) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $22.86 million for the quarter, compared to analysts’ expectations of $20.93 million.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.