Nayax Ltd. (NASDAQ:NYAX) Short Interest Down 45.1% in January

Nayax Ltd. (NASDAQ:NYAX) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 11,775 shares, a drop of 45.1% from the December 31st total of 21,444 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,450 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 8,450 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.

Nayax Price Performance

Nayax stock traded down $1.38 on Friday, reaching $56.12. The company’s stock had a trading volume of 12,876 shares, compared to its average volume of 8,521. The business’s fifty day moving average price is $50.94 and its 200 day moving average price is $47.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 87.69 and a beta of 0.14. Nayax has a twelve month low of $32.38 and a twelve month high of $60.76.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results 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). The business had revenue of $104.28 million during the quarter, compared to the consensus estimate of $109.51 million. Nayax had a net margin of 6.49% and a return on equity of 6.51%. Equities analysts expect that Nayax will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NYAX shares. Wall Street Zen cut shares of Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. UBS Group upped their price target on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Friday, January 2nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.00.

Hedge Funds Weigh In On Nayax

Several large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in Nayax by 6.6% in the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after acquiring an additional 72,751 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after buying an additional 89,886 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Nayax by 57.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after buying an additional 72,354 shares during the last quarter. Finally, UBS Group AG lifted its holdings in Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after buying an additional 56,993 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.