Nexi S.p.A. (OTCMKTS:NEXXY – Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 33,050 shares, an increase of 4,062.5% from the April 15th total of 794 shares. Based on an average daily trading volume, of 66,638 shares, the short-interest ratio is currently 0.5 days.
Nexi Price Performance
Shares of NEXXY stock traded up $0.45 during trading hours on Monday, reaching $5.30. 120 shares of the company’s stock were exchanged, compared to its average volume of 8,697. Nexi has a 1 year low of $3.00 and a 1 year high of $6.74. The stock’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $4.34.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on NEXXY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nexi in a research note on Monday. The Goldman Sachs Group lowered Nexi to a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Finally, Citigroup lowered Nexi from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 14th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.
About Nexi
Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.
Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.
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