Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Declines By 43.3%

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 22,318 shares, a drop of 43.3% from the July 15th total of 39,372 shares. Based on an average trading volume of 221,967 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Next Technology Trading Down 6.1%

Shares of NXTT traded down $0.40 during midday trading on Monday, reaching $6.13. 27,299 shares of the company were exchanged, compared to its average volume of 22,507. Next Technology has a 1-year low of $5.22 and a 1-year high of $27,200.00. The stock has a 50-day moving average price of $92.93 and a 200-day moving average price of $185.00. The company has a market cap of $9.01 million, a price-to-earnings ratio of -0.00 and a beta of 6.14.

Next Technology (NASDAQ:NXTT) last posted its earnings results on Friday, July 24th. The company reported ($20.00) earnings per share (EPS) for the quarter. The company had revenue of $0.84 million during the quarter. Next Technology had a negative net margin of 2,355.97% and a negative return on equity of 60.08%.

Institutional Trading of Next Technology

Several large investors have recently bought and sold shares of NXTT. DRW Securities LLC acquired a new position in shares of Next Technology during the fourth quarter worth $183,000. Tower Research Capital LLC TRC acquired a new stake in Next Technology during the 2nd quarter valued at $92,000. Vident Advisory LLC purchased a new stake in Next Technology during the 2nd quarter worth $124,000. Invesco Ltd. purchased a new stake in Next Technology during the 2nd quarter worth $788,000. Finally, Geode Capital Management LLC acquired a new position in Next Technology in the 2nd quarter worth $412,000. Institutional investors and hedge funds own 2.71% of the company’s stock.

Next Technology Company Profile

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.