Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Update

Next Technology Holding Inc. (NASDAQ:NXTT) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,026 shares, a drop of 67.5% from the February 26th total of 27,735 shares. Based on an average daily trading volume, of 42,944 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 42,944 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Next Technology in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Next Technology

A number of large investors have recently bought and sold shares of NXTT. Qube Research & Technologies Ltd acquired a new position in Next Technology in the second quarter valued at approximately $32,000. BNP Paribas Financial Markets acquired a new stake in shares of Next Technology during the 3rd quarter worth approximately $42,000. Empowered Funds LLC bought a new stake in shares of Next Technology in the 4th quarter worth approximately $61,000. Bridgeway Capital Management LLC bought a new stake in shares of Next Technology in the 4th quarter worth approximately $61,000. Finally, XTX Topco Ltd acquired a new position in Next Technology during the 2nd quarter valued at approximately $76,000. Institutional investors own 2.71% of the company’s stock.

Next Technology Stock Performance

Shares of Next Technology stock traded down $0.11 during trading hours on Wednesday, reaching $0.89. The company’s stock had a trading volume of 19,202,788 shares, compared to its average volume of 427,020. Next Technology has a one year low of $0.45 and a one year high of $960.00. The company’s 50 day simple moving average is $3.84 and its 200 day simple moving average is $12.00. The stock has a market cap of $4.36 million, a P/E ratio of 0.02 and a beta of 7.19.

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.