NextNRG Inc. (NASDAQ:NXXT) Sees Large Growth in Short Interest

NextNRG Inc. (NASDAQ:NXXT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 5,602,887 shares, a growth of 26.8% from the December 31st total of 4,418,017 shares. Based on an average daily trading volume, of 1,915,113 shares, the days-to-cover ratio is presently 2.9 days. Currently, 13.5% of the company’s shares are sold short. Currently, 13.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,915,113 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

NXXT has been the topic of several research reports. Wall Street Zen upgraded NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of NextNRG in a research report on Thursday, January 22nd. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Insider Buying and Selling at NextNRG

In other news, CTO Avishai Vaknin sold 15,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the completion of the sale, the chief technology officer directly owned 284,204 shares in the company, valued at approximately $568,408. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack Leibler sold 150,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $1.03, for a total value of $154,500.00. Following the completion of the sale, the director directly owned 56,007 shares in the company, valued at $57,687.21. The trade was a 72.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 297,056 shares of company stock valued at $362,264 in the last quarter. Company insiders own 69.10% of the company’s stock.

Institutional Trading of NextNRG

Institutional investors and hedge funds have recently modified their holdings of the business. Sovran Advisors LLC bought a new position in shares of NextNRG during the fourth quarter valued at $29,000. Jaffetilchin Investment Partners LLC purchased a new position in NextNRG in the 4th quarter worth about $874,000. JPMorgan Chase & Co. lifted its stake in NextNRG by 94.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock valued at $43,000 after acquiring an additional 11,261 shares during the period. Millennium Management LLC bought a new position in NextNRG during the 3rd quarter valued at about $66,000. Finally, Virtu Financial LLC purchased a new stake in shares of NextNRG during the 3rd quarter valued at about $139,000. Institutional investors own 10.56% of the company’s stock.

NextNRG Trading Down 8.9%

NASDAQ:NXXT traded down $0.08 on Monday, reaching $0.85. 3,088,078 shares of the stock traded hands, compared to its average volume of 1,989,030. The company has a market capitalization of $113.90 million, a price-to-earnings ratio of -0.42 and a beta of -0.56. NextNRG has a 12 month low of $0.76 and a 12 month high of $4.34. The company’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $1.60.

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

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.