Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Expands By 192.1%

Next Technology Holding Inc. (NASDAQ:NXTT – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 61,738 shares, an increase of 192.1% from the August 15th total of 21,133 shares. Approximately 8.8% of the shares of the company are sold short. Based on an average daily trading volume, of 548,885 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Next Technology to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings downgraded Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Get Next Technology alerts:

Check Out Our Latest Report on Next Technology

Next Technology Stock Up 9.6%

Shares of NXTT opened at $5.84 on Tuesday. The stock has a market cap of $8.58 million, a PE ratio of -0.00 and a beta of 6.00. Next Technology has a 12-month low of $4.60 and a 12-month high of $3,040.00. The business has a 50-day simple moving average of $36.10 and a two-hundred day simple moving average of $131.09.

Next Technology (NASDAQ:NXTT – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The company reported ($20.00) EPS for the quarter. Next Technology had a negative net margin of 2,355.97% and a negative return on equity of 60.08%. The firm had revenue of $0.84 million for the quarter.

Next Technology Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Next Technology
• Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
• Institutional Money Is Pouring Into These 2 Altcoin ETFs
• The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
• 3 Dividend Kings to Buy While They’re Still Beaten Down

Receive News & Ratings for Next Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Next Technology and related companies with MarketBeat.com's FREE daily email newsletter.