NextNRG Inc. (NASDAQ:NXXT – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 621,465 shares, a decline of 85.2% from the August 31st total of 4,203,124 shares. Based on an average daily trading volume, of 280,484 shares, the short-interest ratio is presently 2.2 days. Approximately 8.0% of the shares of the company are short sold.
Institutional Trading of NextNRG
A number of institutional investors have recently modified their holdings of NXXT. BlackRock Inc. bought a new position in NextNRG in the 2nd quarter worth approximately $33,000. Susquehanna International Group LLP raised its holdings in NextNRG by 872.9% during the 2nd quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock valued at $49,000 after acquiring an additional 126,244 shares during the period. Finally, Themes Management Co LLC purchased a new stake in shares of NextNRG during the first quarter worth $100,000. 10.56% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on NXXT. Weiss Ratings raised NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. HC Wainwright dropped their price target on NextNRG to $15.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Zacks Research raised NextNRG from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded NextNRG to a “hold” rating in a research note on Saturday, September 19th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.
NextNRG Stock Down 2.1%
NextNRG stock traded down $0.02 during midday trading on Friday, reaching $0.86. The stock had a trading volume of 60,220 shares, compared to its average volume of 801,906. The firm has a market capitalization of $14.43 million, a PE ratio of -0.19 and a beta of 0.04. NextNRG has a 12 month low of $0.82 and a 12 month high of $28.80. The firm’s 50-day moving average price is $2.29 and its 200 day moving average price is $3.68.
NextNRG Company Profile
NextNRG, Inc is an energy and mobility company focused on providing fueling and electric-vehicle charging solutions. Its services are designed to help consumers, businesses and commercial fleets access energy more conveniently through mobile fuel delivery and charging infrastructure.
The company’s business includes mobile gasoline and diesel delivery, as well as the development and operation of electric-vehicle charging capabilities. Its platform is intended to support fleet operators and other customers seeking alternatives to conventional, fixed-location fueling.
NextNRG was previously known as EZFill Holdings, Inc, a company associated with on-demand mobile fueling services.
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