NextNRG Inc. (NASDAQ:NXXT) Stock Short Interest Report for October

NextNRG Inc. (NASDAQ:NXXT) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 45,771 shares, a decline of 93.8% from the October 15th total of 734,847 shares. Based on an average trading volume of 23,591 shares, the days-to-cover ratio is presently 1.9 days. Approximately 5.9% of the shares of the stock are short sold.

Recent NextNRG Headlines

These are some of the NXXT headlines that stood out recently:

• Positive Sentiment: A MarketWatch report said NextNRG shares rose after the delisting decision, suggesting a brief positive market reaction despite the adverse news. NextNRG Shares Rise After Delisting Decision
• Neutral Sentiment: Repeated LULD pauses interrupted trading, indicating sharp price volatility but not, by themselves, signaling its direction.
• Negative Sentiment: Nasdaq’s Hearings Panel determined to delist NextNRG’s common stock. Nasdaq trading is scheduled to be suspended at the open on November 12, and the company expects its shares to be quoted on OTC Markets under the same symbol, NXXT. Moving off Nasdaq may reduce visibility and liquidity and increase trading risk. NextNRG Announces Nasdaq Delisting Determination

Analyst Ratings Changes

NXXT has been the subject of several research reports. HC Wainwright reduced their price objective on shares of NextNRG to $150.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Weiss Ratings upgraded shares of NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of NextNRG to a “hold” rating in a report on Saturday, September 19th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $150.00.

Institutional Investors Weigh In On NextNRG

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of NextNRG in the 2nd quarter valued at about $33,000. Susquehanna International Group LLP boosted its holdings in shares of NextNRG by 872.9% during the second quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock worth $49,000 after purchasing an additional 126,244 shares during the period. Finally, Themes Management Co LLC acquired a new stake in shares of NextNRG during the first quarter worth approximately $100,000. 10.56% of the stock is currently owned by institutional investors and hedge funds.

NextNRG Stock Performance

Shares of NextNRG stock traded down $0.15 during midday trading on Thursday, hitting $1.55. The company’s stock had a trading volume of 2,331,732 shares, compared to its average volume of 8,234,075. The stock has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $36.74. NextNRG has a 1-year low of $0.17 and a 1-year high of $222.00.

NextNRG Company Profile

NextNRG Inc. is an energy technology company that combines artificial intelligence with energy services and infrastructure. Its activities include mobile fuel delivery and technology designed to monitor and manage energy use. The company’s offerings are aimed at customers such as businesses, property operators and fleet owners. Its energy-management approach uses data and automation to help coordinate energy resources and operations. NextNRG is led by founder and Chief Executive Officer Michael Farkas.