Next Technology Holding Inc. (NASDAQ:NXTT) Stock Short Interest Report for October

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 34,203 shares, a drop of 44.5% from the September 30th total of 61,623 shares. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily volume of 25,215 shares, the days-to-cover ratio is presently 1.4 days.

Next Technology Price Performance

NXTT stock traded up $0.01 during trading on Monday, reaching $5.31. 43,882 shares of the company were exchanged, compared to its average volume of 19,317. The company has a 50-day moving average of $5.50 and a two-hundred day moving average of $154.59. Next Technology has a twelve month low of $4.51 and a twelve month high of $1,949.00.

Analyst Ratings Changes

Several brokerages have recently issued reports on NXTT. Wall Street Zen lowered Next Technology to a “strong sell” rating in a research note on Saturday, August 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Next Technology in a research report on Thursday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

About Next Technology

Next Technology Holding Inc (NASDAQ:NXTT) is a technology holding company with operations historically associated with blockchain and digital asset-related services. Its activities have included cryptocurrency mining and the development or deployment of computing infrastructure used in blockchain applications.

The company has been associated with operations in China, although publicly available information about its current products, services, operating subsidiaries and geographic footprint is limited.