Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Expands By 3,128.9%

Next Technology Holding Inc. (NASDAQ:NXTT) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 291,440 shares, a growth of 3,128.9% from the March 15th total of 9,026 shares. Based on an average daily volume of 6,551,037 shares, the days-to-cover ratio is presently 0.0 days. Currently, 12.5% of the company’s stock are sold short.

Analyst Ratings Changes

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

Institutional Trading of Next Technology

A number of hedge funds and other institutional investors have recently modified their holdings of NXTT. Qube Research & Technologies Ltd purchased a new stake in shares of Next Technology during the second quarter worth about $32,000. BNP Paribas Financial Markets purchased a new stake in shares of Next Technology during the third quarter worth about $42,000. Empowered Funds LLC purchased a new stake in shares of Next Technology during the fourth quarter worth about $61,000. Bridgeway Capital Management LLC purchased a new stake in shares of Next Technology during the fourth quarter worth about $61,000. Finally, XTX Topco Ltd purchased a new stake in shares of Next Technology during the second quarter worth about $76,000. 2.71% of the stock is owned by hedge funds and other institutional investors.

Next Technology Price Performance

NASDAQ:NXTT opened at $1.57 on Friday. The business’s 50-day moving average is $2.71 and its two-hundred day moving average is $9.63. Next Technology has a 12 month low of $0.45 and a 12 month high of $960.00. The firm has a market capitalization of $7.66 million, a PE ratio of 0.00 and a beta of 7.15.

Next Technology (NASDAQ:NXTT) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($110.08) EPS for the quarter. The business had revenue of $9.83 million during the quarter.

About Next Technology

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.