Nexi S.p.A. (OTCMKTS:NEXXY) Stock Short Interest Rises 68,750.0%

Nexi S.p.A. (OTCMKTS:NEXXY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 2,754 shares, a growth of 68,750.0% from the September 15th total of 4 shares. Based on an average daily volume of 634 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Nexi Stock Performance

Shares of NEXXY opened at $4.54 on Friday. The company’s 50-day moving average price is $4.79 and its 200 day moving average price is $4.40. Nexi has a 12-month low of $3.00 and a 12-month high of $5.59.

Nexi Company Profile

Nexi S.p.A. is an Italian paytech company that provides digital payment infrastructure and transaction-processing services to financial institutions, merchants, businesses and public-sector organizations. The company supports card payments, account-based payments and other electronic payment methods across in-store, online and mobile channels.

Its services include merchant acquiring, payment acceptance and point-of-sale solutions, e-commerce payment gateways, card issuing and processing, digital banking services, automated teller machine management and related technology and security tools.