Nexus Advanced Technologies Inc. (NASDAQ:NXAT – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 22,734 shares, an increase of 402.3% from the September 30th total of 4,526 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average trading volume of 2,423,541 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On Nexus Advanced Technologies
A hedge fund recently bought a new stake in Nexus Advanced Technologies stock. Citadel Advisors LLC purchased a new stake in Nexus Advanced Technologies Inc. (NASDAQ:NXAT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 177,235 shares of the company’s stock, valued at approximately $26,000. Citadel Advisors LLC owned about 6.54% of Nexus Advanced Technologies as of its most recent SEC filing. 62.18% of the stock is owned by hedge funds and other institutional investors.
Nexus Advanced Technologies Price Performance
Shares of NXAT stock traded down $0.01 during trading on Thursday, hitting $0.39. 130,009 shares of the stock traded hands, compared to its average volume of 261,078. Nexus Advanced Technologies has a 52-week low of $0.33 and a 52-week high of $60.55. The firm has a market capitalization of $1.05 million, a P/E ratio of -0.43 and a beta of 0.47. The firm’s fifty day moving average price is $1.28 and its 200-day moving average price is $9.36.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Nexus Advanced Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Stock Report on NXAT
About Nexus Advanced Technologies
Nexus Advanced Technologies Inc is a company pursuing strategic investments, acquisitions and partnerships across AI infrastructure and advanced technologies. Nexus Advanced Technologies Inc, formerly known as K Wave Media Ltd., is based in NEW YORK.
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