Short Interest in NextNRG Inc. (NASDAQ:NXXT) Expands By 52.4%

NextNRG Inc. (NASDAQ:NXXT) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,425,776 shares, an increase of 52.4% from the November 30th total of 2,903,665 shares. Based on an average trading volume of 2,540,083 shares, the short-interest ratio is currently 1.7 days. Currently, 10.7% of the company’s shares are sold short. Currently, 10.7% of the company’s shares are sold short. Based on an average trading volume of 2,540,083 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on NXXT. HC Wainwright initiated coverage on shares of NextNRG in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextNRG in a research report on Wednesday, October 8th. Zacks Research raised NextNRG to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $5.50.

NextNRG Price Performance

Shares of NASDAQ NXXT traded down $0.02 during mid-day trading on Tuesday, reaching $1.42. 1,768,978 shares of the company’s stock traded hands, compared to its average volume of 718,943. The business has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $1.85. The stock has a market cap of $190.86 million, a P/E ratio of -0.70 and a beta of -0.53. NextNRG has a 1-year low of $0.93 and a 1-year high of $4.34.

NextNRG (NASDAQ:NXXT) last announced its earnings results on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $22.86 million during the quarter, compared to analysts’ expectations of $20.93 million.

Insider Activity

In other NextNRG news, Director Daniel Ronald Arbour sold 27,891 shares of NextNRG stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $1.31, for a total value of $36,537.21. Following the sale, the director directly owned 117,959 shares in the company, valued at approximately $154,526.29. The trade was a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Avishai Vaknin sold 15,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2.00, for a total value of $30,000.00. Following the sale, the chief technology officer owned 284,204 shares in the company, valued at $568,408. The trade was a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,368 shares of company stock valued at $182,697 over the last 90 days. Corporate insiders own 69.10% of the company’s stock.

Hedge Funds Weigh In On NextNRG

A number of large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in NextNRG in the second quarter worth $26,000. Intech Investment Management LLC bought a new position in shares of NextNRG in the 2nd quarter worth about $29,000. JPMorgan Chase & Co. bought a new stake in NextNRG during the second quarter worth about $33,000. Veracity Capital LLC purchased a new stake in NextNRG in the second quarter worth about $34,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of NextNRG during the first quarter valued at approximately $84,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.