Next Technology Holding Inc. (NASDAQ:NXTT) Sees Large Decline in Short Interest
by Amy Steele · The Cerbat GemNext Technology Holding Inc. (NASDAQ:NXTT – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 130,485 shares, a decline of 55.2% from the March 31st total of 291,440 shares. Based on an average daily trading volume, of 357,125 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Next Technology in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Next Technology currently has an average rating of “Sell”.
Get Our Latest Stock Report on NXTT
Institutional Trading of Next Technology
Several institutional investors and hedge funds have recently modified their holdings of NXTT. Invesco Ltd. purchased a new stake in shares of Next Technology in the 2nd quarter valued at about $788,000. Geode Capital Management LLC purchased a new stake in shares of Next Technology in the 2nd quarter valued at about $412,000. Vident Advisory LLC purchased a new stake in shares of Next Technology in the 2nd quarter valued at about $124,000. Tower Research Capital LLC TRC purchased a new stake in shares of Next Technology in the 2nd quarter valued at about $92,000. Finally, XTX Topco Ltd purchased a new stake in shares of Next Technology in the 2nd quarter valued at about $76,000. Hedge funds and other institutional investors own 2.71% of the company’s stock.
Next Technology Trading Down 4.1%
Shares of Next Technology stock traded down $0.07 during trading on Friday, hitting $1.65. The stock had a trading volume of 56,981 shares, compared to its average volume of 992,157. Next Technology has a 12 month low of $0.45 and a 12 month high of $960.00. The firm has a market cap of $125.83 million, a price-to-earnings ratio of 0.00 and a beta of 7.15. The business’s 50-day moving average is $2.37 and its 200 day moving average is $7.90.
Next Technology (NASDAQ:NXTT – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($110.08) earnings per share (EPS) for the quarter. The company had revenue of $9.83 million during the quarter.
Next Technology Company Profile
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.