Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Rises By 314.4%

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 39,372 shares, an increase of 314.4% from the June 30th total of 9,502 shares. Based on an average daily volume of 152,045 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Next Technology

Institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new stake in Next Technology in the second quarter valued at about $32,000. BNP Paribas Financial Markets acquired a new position in shares of Next Technology in the 3rd quarter worth approximately $42,000. Empowered Funds LLC bought a new position in shares of Next Technology during the 4th quarter worth approximately $61,000. Bridgeway Capital Management LLC acquired a new stake in Next Technology in the 4th quarter valued at $61,000. Finally, XTX Topco Ltd bought a new stake in Next Technology in the second quarter valued at $76,000. 2.71% of the stock is currently owned by institutional investors and hedge funds.

Next Technology Trading Down 14.3%

Shares of NASDAQ NXTT opened at $0.61 on Friday. The firm has a market capitalization of $46.84 million, a price-to-earnings ratio of -0.00 and a beta of 6.06. Next Technology has a one year low of $0.45 and a one year high of $476.00. The business has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $2.60.

Next Technology (NASDAQ:NXTT) last posted its quarterly earnings results on Friday, July 24th. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $0.84 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Next Technology Company Profile

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.