Short Interest in NextNRG Inc. (NASDAQ:NXXT) Increases By 26.8%

NextNRG Inc. (NASDAQ:NXXT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 5,602,887 shares, a growth of 26.8% from the December 31st total of 4,418,017 shares. Approximately 13.5% of the shares of the company are sold short. Based on an average daily volume of 1,915,113 shares, the short-interest ratio is presently 2.9 days. Based on an average daily volume of 1,915,113 shares, the short-interest ratio is presently 2.9 days. Approximately 13.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NXXT shares. Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a report on Thursday, January 22nd. Wall Street Zen raised NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NextNRG has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

NextNRG Trading Up 2.6%

NASDAQ NXXT traded up $0.02 during trading on Wednesday, hitting $0.96. 571,000 shares of the company traded hands, compared to its average volume of 1,953,345. The company has a market capitalization of $129.46 million, a P/E ratio of -0.48 and a beta of -0.57. The business has a fifty day simple moving average of $1.28 and a 200 day simple moving average of $1.59. NextNRG has a 12 month low of $0.76 and a 12 month high of $4.34.

NextNRG (NASDAQ:NXXT) last announced its earnings results on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The business had revenue of $22.86 million during the quarter, compared to analysts’ expectations of $20.93 million.

Insider Activity

In related news, Director Daniel Ronald Arbour sold 42,109 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1.31, for a total value of $55,162.79. Following the completion of the sale, the director owned 169,709 shares of the company’s stock, valued at $222,318.79. This represents a 19.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack Leibler sold 150,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $1.03, for a total transaction of $154,500.00. Following the transaction, the director directly owned 56,007 shares in the company, valued at approximately $57,687.21. The trade was a 72.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 297,056 shares of company stock valued at $362,264. Company insiders own 69.10% of the company’s stock.

Hedge Funds Weigh In On NextNRG

Several large investors have recently made changes to their positions in NXXT. Sovran Advisors LLC acquired a new stake in NextNRG in the 4th quarter valued at approximately $29,000. Jaffetilchin Investment Partners LLC bought a new position in shares of NextNRG during the 4th quarter worth about $874,000. JPMorgan Chase & Co. raised its position in shares of NextNRG by 94.0% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock valued at $43,000 after buying an additional 11,261 shares during the last quarter. Millennium Management LLC acquired a new position in shares of NextNRG during the third quarter valued at about $66,000. Finally, Virtu Financial LLC acquired a new stake in NextNRG during the third quarter worth about $139,000. Institutional investors and hedge funds own 10.56% of the company’s stock.

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.