Nexus Advanced Technologies Inc. (NASDAQ:NXAT) Stock Short Interest Jumps 402.3%

by · The Markets Daily

Nexus Advanced Technologies Inc. (NASDAQ:NXAT – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 22,734 shares, an increase of 402.3% from the September 30th total of 4,526 shares. Based on an average trading volume of 2,423,541 shares, the short-interest ratio is currently 0.0 days. Approximately 2.4% of the company’s stock are sold short.

Nexus Advanced Technologies Stock Down 4.0%

NXAT traded down $0.01 during midday trading on Tuesday, hitting $0.34. 109,049 shares of the company traded hands, compared to its average volume of 262,151. The company’s 50-day moving average is $1.41 and its 200 day moving average is $9.55. The firm has a market capitalization of $921,671.00, a PE ratio of -0.38 and a beta of 0.47. Nexus Advanced Technologies has a 52 week low of $0.33 and a 52 week high of $63.30.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Nexus Advanced Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Nexus Advanced Technologies has an average rating of “Sell”.

Check Out Our Latest Research Report on Nexus Advanced Technologies

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nexus Advanced Technologies stock. Anson Funds Management LP purchased a new position in Nexus Advanced Technologies Inc. (NASDAQ:NXAT – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,823,333 shares of the company’s stock, valued at approximately $1,984,000. Anson Funds Management LP owned about 6.05% of Nexus Advanced Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 62.18% of the company’s stock.

About Nexus Advanced Technologies

(Get Free Report)

Nexus Advanced Technologies Inc is a company pursuing strategic investments, acquisitions and partnerships across AI infrastructure and advanced technologies. Nexus Advanced Technologies Inc, formerly known as K Wave Media Ltd., is based in NEW YORK.

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