Nayax Ltd. (NASDAQ:NYAX) Sees Large Drop in Short Interest

Nayax Ltd. (NASDAQ:NYAX) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 21,444 shares, a decrease of 58.5% from the December 15th total of 51,732 shares. Based on an average daily trading volume, of 5,601 shares, the short-interest ratio is currently 3.8 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 5,601 shares, the short-interest ratio is currently 3.8 days.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares during the period. Citadel Advisors LLC acquired a new position in shares of Nayax during the 3rd quarter worth approximately $223,000. Bank of America Corp DE grew its position in shares of Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 956 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Nayax in the third quarter valued at approximately $128,000. Finally, ARK Investment Management LLC boosted its stake in shares of Nayax by 3.2% in the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after buying an additional 1,331 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

NYAX has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price target on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Friday, January 2nd. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. UBS Group raised their target price on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Nayax has an average rating of “Hold” and a consensus target price of $49.00.

Nayax Stock Performance

NASDAQ:NYAX traded up $2.22 on Wednesday, hitting $58.72. The company’s stock had a trading volume of 15,940 shares, compared to its average volume of 6,615. Nayax has a one year low of $32.38 and a one year high of $59.78. The firm has a market capitalization of $2.08 billion, a P/E ratio of 171.21 and a beta of 0.14. The stock has a fifty day moving average of $46.82 and a two-hundred day moving average of $46.53. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. Nayax had a net margin of 6.49% and a return on equity of 6.51%. Research analysts predict that Nayax will post -0.16 earnings per share for the current year.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.