NextNRG Inc. (NASDAQ:NXXT) Short Interest Down 20.7% in February

NextNRG Inc. (NASDAQ:NXXT) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,878,830 shares, a decrease of 20.7% from the February 12th total of 6,154,978 shares. Approximately 11.7% of the company’s shares are short sold. Based on an average daily volume of 1,314,670 shares, the days-to-cover ratio is currently 3.7 days. Based on an average daily volume of 1,314,670 shares, the days-to-cover ratio is currently 3.7 days. Approximately 11.7% of the company’s shares are short sold.

NextNRG Stock Down 1.1%

Shares of NXXT traded down $0.01 on Tuesday, hitting $0.49. The company’s stock had a trading volume of 530,344 shares, compared to its average volume of 1,607,905. The firm’s fifty day moving average price is $0.86 and its 200-day moving average price is $1.42. NextNRG has a fifty-two week low of $0.47 and a fifty-two week high of $3.59. The firm has a market capitalization of $66.33 million, a price-to-earnings ratio of -0.24 and a beta of -0.52.

Insider Buying and Selling

In other NextNRG news, Director Daniel Ronald Arbour sold 31,446 shares of the stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $1.46, for a total value of $45,911.16. Following the transaction, the director owned 86,513 shares of the company’s stock, valued at approximately $126,308.98. This represents a 26.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 69.10% of the company’s stock.

Institutional Investors Weigh In On NextNRG

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of NextNRG during the first quarter worth $96,000. Geode Capital Management LLC increased its holdings in NextNRG by 2,274.3% during the 2nd quarter. Geode Capital Management LLC now owns 314,454 shares of the company’s stock worth $871,000 after purchasing an additional 301,210 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of NextNRG in the 2nd quarter valued at about $29,000. JPMorgan Chase & Co. bought a new stake in shares of NextNRG in the second quarter valued at about $33,000. Finally, New York State Common Retirement Fund bought a new stake in shares of NextNRG in the second quarter valued at about $103,000. Institutional investors own 10.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NXXT shares. Wall Street Zen cut NextNRG from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NextNRG has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.