Nexi S.p.A. (OTCMKTS:NEXXY – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 490 shares, a drop of 97.5% from the June 30th total of 19,435 shares. Based on an average trading volume of 4,113 shares, the short-interest ratio is currently 0.1 days.
Nexi Price Performance
Nexi stock remained flat at $4.67 during mid-day trading on Friday. The company’s stock had a trading volume of 95 shares, compared to its average volume of 7,294. The company has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.11. Nexi has a 12 month low of $3.00 and a 12 month high of $6.74.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NEXXY. Citigroup restated a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. The Goldman Sachs Group cut Nexi to a “neutral” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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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