Nixxy, Inc. (NASDAQ:NIXX) Short Interest Update

Nixxy, Inc. (NASDAQ:NIXX) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 223,076 shares, a decrease of 50.4% from the August 31st total of 449,683 shares. Based on an average daily volume of 390,767 shares, the short-interest ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are short sold.

Nixxy Trading Up 1.9%

NIXX stock traded up $0.01 during trading on Wednesday, hitting $0.32. 371,537 shares of the company’s stock were exchanged, compared to its average volume of 1,703,576. The business has a 50-day moving average price of $0.58 and a two-hundred day moving average price of $0.79. The stock has a market capitalization of $9.19 million, a price-to-earnings ratio of -2.45 and a beta of 0.41. Nixxy has a 52-week low of $0.29 and a 52-week high of $1.97.

Nixxy (NASDAQ:NIXX) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $16.09 million for the quarter, compared to analysts’ expectations of $6.77 million. Nixxy had a negative net margin of 6.19% and a negative return on equity of 74.47%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NIXX. Weiss Ratings raised shares of Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. Wall Street Zen lowered Nixxy from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nixxy has an average rating of “Sell”.

About Nixxy

Nixxy, Inc (NASDAQ: NIXX) is a diversified holding company focused on acquiring, developing and operating businesses with growth potential. Its activities span areas such as technology, digital media and consumer products.

The company seeks to support its businesses through strategic investment, operational guidance and the development of products and services designed for consumer and commercial markets. Its portfolio approach allows Nixxy to pursue opportunities across multiple industries rather than focusing on a single product line.

Nixxy was formerly known as Vinco Ventures, Inc and adopted its current name as part of a broader corporate repositioning.