Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Down 82.4% in June

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,502 shares, a drop of 82.4% from the June 15th total of 54,075 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 155,638 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Next Technology Trading Down 1.0%

NXTT traded down $0.01 on Monday, hitting $1.02. 152,565 shares of the company’s stock traded hands, compared to its average volume of 151,772. The company’s 50 day simple moving average is $1.41 and its 200-day simple moving average is $2.93. Next Technology has a one year low of $0.45 and a one year high of $558.00. The firm has a market cap of $77.79 million, a price-to-earnings ratio of -0.01 and a beta of 6.06.

Next Technology (NASDAQ:NXTT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($11.86) earnings per share for the quarter. The business had revenue of $0.47 million during the quarter.

Hedge Funds Weigh In On Next Technology

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in Next Technology in the 3rd quarter valued at $42,000. Empowered Funds LLC bought a new position in shares of Next Technology during the 4th quarter valued at about $61,000. Bridgeway Capital Management LLC bought a new position in shares of Next Technology during the 4th quarter valued at about $61,000. Qube Research & Technologies Ltd purchased a new position in shares of Next Technology during the second quarter valued at about $32,000. Finally, DRW Securities LLC bought a new stake in shares of Next Technology in the fourth quarter worth about $183,000. 2.71% of the stock is owned by hedge funds and other institutional investors.

About Next Technology

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.