Nayax Ltd. (NASDAQ:NYAX) Short Interest Down 42.9% in April

Nayax Ltd. (NASDAQ:NYAX) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 400 shares, a decline of 42.9% from the March 31st total of 700 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently modified their holdings of NYAX. Barclays PLC grew its holdings in Nayax by 873.7% during the second quarter. Barclays PLC now owns 1,480 shares of the company’s stock worth $28,000 after buying an additional 1,328 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Nayax in the 3rd quarter valued at $575,000. Finally, Ibex Investors LLC grew its stake in Nayax by 0.5% in the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock valued at $7,031,000 after purchasing an additional 1,500 shares during the period. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Price Performance

Nayax stock traded down $0.75 during midday trading on Friday, reaching $25.35. The company’s stock had a trading volume of 2,031 shares, compared to its average volume of 9,928. Nayax has a 52 week low of $16.38 and a 52 week high of $30.99. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $26.28 and a 200-day moving average price of $22.71. The stock has a market cap of $832.81 million, a PE ratio of -52.82 and a beta of 0.07.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. The firm had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. On average, sell-side analysts predict that Nayax will post 0.08 EPS for the current year.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.