Nixxy, Inc. (NASDAQ:NIXX) Sees Significant Drop in Short Interest

Nixxy, Inc. (NASDAQ:NIXX) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 106,524 shares, a drop of 52.2% from the September 15th total of 223,076 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 486,676 shares, the days-to-cover ratio is presently 0.2 days.

Nixxy Stock Up 1.0%

Shares of Nixxy stock traded up $0.00 on Wednesday, reaching $0.21. 461,844 shares of the stock were exchanged, compared to its average volume of 1,636,126. The business has a 50 day moving average price of $0.50 and a two-hundred day moving average price of $0.76. The firm has a market capitalization of $6.05 million, a price-to-earnings ratio of -1.61 and a beta of 0.41. Nixxy has a twelve month low of $0.17 and a twelve month high of $1.96.

Nixxy (NASDAQ:NIXX) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $16.09 million during the quarter, compared to analyst estimates of $6.77 million. Nixxy had a negative net margin of 6.19% and a negative return on equity of 74.47%.

Analyst Ratings Changes

Several research firms have issued reports on NIXX. Weiss Ratings upgraded Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. Wall Street Zen cut Nixxy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Nixxy

Nixxy, Inc is a technology-focused holding company that develops, acquires and operates businesses in the workforce solutions and recruiting sectors. Through its operating businesses, the company provides services intended to connect employers with candidates and support organizations with talent acquisition and staffing needs.

The company was formerly known as Recruiter.com Group, Inc and operated the Recruiter.com online recruiting platform. That platform offered recruiting-related tools and services for employers, recruiters and job seekers, including access to job listings, recruitment resources and talent-sourcing solutions.

Nixxy’s business strategy centers on building a portfolio of operating companies and expanding technology-enabled services.