Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Update

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

Nexi Stock Up 9.3%

Shares of OTCMKTS:NEXXY traded up $0.45 on Monday, hitting $5.30. 120 shares of the company’s stock were exchanged, compared to its average volume of 8,697. Nexi has a 12 month low of $3.00 and a 12 month high of $6.74. The business’s 50 day simple moving average is $3.90 and its two-hundred day simple moving average is $4.34.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEXXY shares. The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a report on Monday, April 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. Citigroup downgraded Nexi from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nexi in a research report on Monday. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company 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.