Short Interest in Nexi S.p.A. (OTCMKTS:NEXXY) Expands By 4,062.5%

Nexi S.p.A. (OTCMKTS:NEXXY) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 33,050 shares, a growth of 4,062.5% from the April 15th total of 794 shares. Based on an average trading volume of 66,638 shares, the days-to-cover ratio is presently 0.5 days.

Nexi Stock Up 9.3%

NEXXY opened at $5.30 on Tuesday. The firm’s fifty day moving average price is $3.96 and its two-hundred day moving average price is $4.33. Nexi has a 1 year low of $3.00 and a 1 year high of $6.74.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nexi in a research note on Monday. Finally, Citigroup lowered shares of Nexi from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nexi presently has a consensus rating of “Reduce”.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.