Nexi S.p.A. (OTCMKTS:NEXXY) Sees Significant Growth in Short Interest

Nexi S.p.A. (OTCMKTS:NEXXY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 4 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 1,113 shares, the short-interest ratio is currently 0.0 days.

Nexi Price Performance

Nexi stock remained flat at $4.65 during mid-day trading on Tuesday. Nexi has a fifty-two week low of $3.00 and a fifty-two week high of $5.85. The stock has a fifty day moving average of $4.75 and a 200 day moving average of $4.26.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “neutral” rating on shares of Nexi in a report on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently 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.