Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Down 97.5% in July

Nexi S.p.A. (OTCMKTS:NEXXY) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 490 shares, a decline of 97.5% from the June 30th total of 19,435 shares. Based on an average daily trading volume, of 4,113 shares, the short-interest ratio is currently 0.1 days.

Nexi Price Performance

Nexi stock remained flat at $4.67 during midday trading on Friday. 95 shares of the company’s stock traded hands, compared to its average volume of 7,294. The business’s 50 day moving average price is $4.14 and its 200-day moving average price is $4.11. Nexi has a one year low of $3.00 and a one year high of $6.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Citigroup reissued a “neutral” rating on shares of Nexi in a research note on Thursday, May 28th. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group downgraded Nexi to a “neutral” rating in a report on Monday, April 13th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.