Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Up 4,062.5% in April

Nexi S.p.A. (OTCMKTS:NEXXY) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 33,050 shares, an increase of 4,062.5% from the April 15th total of 794 shares. Based on an average daily trading volume, of 66,638 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NEXXY. Citigroup lowered Nexi from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group cut shares of Nexi to a “neutral” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a report on Monday. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Nexi Trading Down 17.9%

NEXXY stock traded down $0.95 during trading on Wednesday, reaching $4.35. The company’s stock had a trading volume of 600 shares, compared to its average volume of 8,576. Nexi has a 1 year low of $3.00 and a 1 year high of $6.74. The company’s fifty day moving average is $3.98 and its 200-day moving average is $4.33.

Nexi Company Profile

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.