Off The Hook Ys Inc. (NYSEAMERICAN:NXB) Short Interest Update

Off The Hook Ys Inc. (NYSEAMERICAN:NXB) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 31,832 shares, an increase of 93.4% from the June 15th total of 16,462 shares. Based on an average daily volume of 28,975 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are sold short.

Insider Buying and Selling

In related news, CEO Brian John sold 120,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $2.41, for a total transaction of $289,200.00. Following the completion of the sale, the chief executive officer directly owned 1,133,350 shares of the company’s stock, valued at approximately $2,731,373.50. This represents a 9.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jason Daniel Ruegg sold 475,000 shares of Off The Hook Ys stock in a transaction on Friday, May 15th. The stock was sold at an average price of $2.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chairman owned 10,775,000 shares in the company, valued at $21,550,000. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 600,000 shares of company stock valued at $1,252,400 in the last ninety days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NXB. HRT Financial LP acquired a new position in shares of Off The Hook Ys in the fourth quarter valued at $58,000. Millennium Management LLC acquired a new stake in Off The Hook Ys during the fourth quarter worth $52,000. Geode Capital Management LLC acquired a new stake in Off The Hook Ys during the fourth quarter worth $42,000. Finally, Jane Street Group LLC bought a new stake in Off The Hook Ys in the 4th quarter valued at $35,000.

Off The Hook Ys Stock Performance

Shares of NYSEAMERICAN NXB traded down $0.08 during trading hours on Thursday, hitting $2.07. 41,796 shares of the company’s stock were exchanged, compared to its average volume of 60,029. The firm has a 50-day moving average of $2.30. Off The Hook Ys has a 1-year low of $1.70 and a 1-year high of $3.90.

Off The Hook Ys (NYSEAMERICAN:NXB) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $29.84 million during the quarter.

About Off The Hook Ys

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.