Short Interest in Nixxy, Inc. (NASDAQ:NIXX) Rises By 40.2%

Nixxy, Inc. (NASDAQ:NIXX) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 931,713 shares, an increase of 40.2% from the November 30th total of 664,618 shares. Based on an average daily volume of 809,119 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.9% of the company’s stock are sold short. Approximately 3.9% of the company’s stock are sold short. Based on an average daily volume of 809,119 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Nixxy

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd bought a new stake in shares of Nixxy, Inc. (NASDAQ:NIXX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned 0.17% of Nixxy as of its most recent SEC filing. Hedge funds and other institutional investors own 13.14% of the company’s stock.

Nixxy Trading Down 9.1%

NASDAQ:NIXX opened at $0.98 on Tuesday. The firm has a market capitalization of $24.43 million, a PE ratio of -1.93 and a beta of 1.43. Nixxy has a 1 year low of $0.89 and a 1 year high of $6.25. The firm’s fifty day simple moving average is $1.23 and its 200 day simple moving average is $1.60.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NIXX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nixxy in a report on Monday, December 22nd. Wall Street Zen cut Nixxy from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Nixxy Company Profile

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.