Nayax Ltd. (NASDAQ:NYAX) Short Interest Down 58.5% in December

Nayax Ltd. (NASDAQ:NYAX) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 21,444 shares, a decrease of 58.5% from the December 15th total of 51,732 shares. Based on an average trading volume of 5,601 shares, the short-interest ratio is currently 3.8 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 5,601 shares, the short-interest ratio is currently 3.8 days.

Nayax Stock Up 1.3%

NASDAQ:NYAX traded up $0.76 during trading hours on Thursday, reaching $59.48. The company had a trading volume of 3,036 shares, compared to its average volume of 8,984. The business’s 50-day simple moving average is $46.82 and its two-hundred day simple moving average is $46.53. Nayax has a twelve month low of $32.38 and a twelve month high of $59.78. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 92.94 and a beta of 0.14. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a return on equity of 6.51% and a net margin of 6.49%.The company had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. On average, equities analysts expect that Nayax will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on NYAX. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Finally, Wall Street Zen cut shares of Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.00.

Hedge Funds Weigh In On Nayax

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter valued at $33,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Nayax by 10.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock valued at $355,000 after buying an additional 693 shares during the last quarter. Bank of America Corp DE increased its position in shares of Nayax by 254.9% during the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 956 shares in the last quarter. Finally, ARK Investment Management LLC increased its position in shares of Nayax by 3.2% during the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock worth $2,058,000 after acquiring an additional 1,331 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.