Nixxy, Inc. (NASDAQ:NIXX) Sees Large Increase in Short Interest

Nixxy, Inc. (NASDAQ:NIXX) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,610,574 shares, an increase of 45.6% from the March 15th total of 1,106,220 shares. Based on an average trading volume of 1,760,713 shares, the short-interest ratio is presently 0.9 days. Currently, 6.7% of the company’s stock are short sold.

Nixxy Stock Performance

Shares of Nixxy stock traded down $0.13 during trading on Thursday, reaching $0.63. The company’s stock had a trading volume of 1,298,858 shares, compared to its average volume of 880,249. The business’s fifty day moving average price is $0.70 and its 200-day moving average price is $1.04. The firm has a market cap of $15.55 million, a price-to-earnings ratio of -1.23 and a beta of 0.65. Nixxy has a one year low of $0.47 and a one year high of $2.47.

Nixxy (NASDAQ:NIXX) last posted its quarterly earnings data on Wednesday, April 15th. The company reported ($0.15) EPS for the quarter. The business had revenue of $51.13 million during the quarter. Nixxy had a negative return on equity of 256.04% and a negative net margin of 39.19%.

Hedge Funds Weigh In On Nixxy

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd increased its stake in shares of Nixxy by 114.1% in the fourth quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock worth $35,000 after purchasing an additional 19,320 shares during the period. Geode Capital Management LLC increased its stake in shares of Nixxy by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after purchasing an additional 30,696 shares during the period. Virtu Financial LLC bought a new position in shares of Nixxy in the fourth quarter worth about $40,000. Finally, Jane Street Group LLC bought a new position in shares of Nixxy in the fourth quarter worth about $121,000. 13.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NIXX has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Nixxy in a report on Monday, December 22nd. Wall Street Zen lowered Nixxy from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nixxy presently has a consensus rating of “Sell”.

About Nixxy

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.