Nexi S.p.A. (OTCMKTS:NEXXY) Shares Shorted: Short Interest Down 97.6% in October

Nexi S.p.A. (OTCMKTS:NEXXY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 66 shares, a drop of 97.6% from the September 30th total of 2,754 shares. Based on an average daily volume of 510 shares, the days-to-cover ratio is presently 0.1 days.

Nexi Trading Down 1.2%

NEXXY stock opened at $4.80 on Tuesday. The business has a 50-day simple moving average of $4.78 and a two-hundred day simple moving average of $4.32. Nexi has a 52-week low of $3.00 and a 52-week high of $5.54.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nexi currently has a consensus rating of “Reduce”.

Nexi Company Profile

Nexi S.p.A. is an Italian PayTech company that provides digital payment infrastructure and transaction services to merchants, banks, businesses and public-sector organizations. Its activities include merchant acquiring, card issuing, payment processing, point-of-sale services, e-commerce payments and digital payment solutions.

The company offers technology and services that support card and account-based payments, including payment terminals, online checkout tools, mobile payments, automated teller machine management and fraud-prevention capabilities.