Nayax Ltd. (NASDAQ:NYAX) Sees Significant Growth in Short Interest

Nayax Ltd. (NASDAQ:NYAX) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 17,790 shares, an increase of 19.6% from the March 15th total of 14,877 shares. Based on an average daily trading volume, of 18,027 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Nayax

A number of institutional investors have recently bought and sold shares of NYAX. Russell Investments Group Ltd. lifted its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax during the 2nd quarter worth about $33,000. Bank of America Corp DE lifted its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in Nayax during the 4th quarter worth about $69,000. Finally, Alliancebernstein L.P. purchased a new stake in Nayax during the 3rd quarter worth about $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Up 0.5%

NASDAQ:NYAX traded up $0.34 during midday trading on Friday, reaching $65.26. The company had a trading volume of 2,211 shares, compared to its average volume of 6,680. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 68.70 and a beta of 0.10. The stock’s fifty day simple moving average is $57.36 and its 200-day simple moving average is $51.55. Nayax has a 12-month low of $37.00 and a 12-month high of $65.70. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.43.

Nayax (NASDAQ:NYAX) last released its earnings results on Monday, March 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $119.45 million during the quarter, compared to analyst estimates of $120.13 million. Nayax had a return on equity of 11.60% and a net margin of 8.87%. On average, sell-side analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NYAX. Keefe, Bruyette & Woods raised their price target on Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.67.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.