Short Interest in Nixxy, Inc. (NASDAQ:NIXX) Rises By 24.5%

Nixxy, Inc. (NASDAQ:NIXX) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 2,004,854 shares, an increase of 24.5% from the March 31st total of 1,610,574 shares. Approximately 7.7% of the company’s stock are short sold. Based on an average trading volume of 1,384,169 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Nixxy from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Nixxy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NIXX. Jane Street Group LLC acquired a new stake in Nixxy during the 4th quarter worth about $121,000. Virtu Financial LLC purchased a new stake in Nixxy during the 4th quarter valued at about $40,000. XTX Topco Ltd acquired a new position in shares of Nixxy in the second quarter valued at about $73,000. Finally, Geode Capital Management LLC raised its stake in shares of Nixxy by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after purchasing an additional 30,696 shares during the last quarter. Hedge funds and other institutional investors own 13.14% of the company’s stock.

Nixxy Stock Up 0.5%

Shares of NASDAQ NIXX traded up $0.00 during trading hours on Friday, hitting $0.60. 362,183 shares of the stock were exchanged, compared to its average volume of 861,556. Nixxy has a 12 month low of $0.47 and a 12 month high of $2.47. The company has a market cap of $16.22 million, a PE ratio of -1.18 and a beta of 0.30. The firm has a fifty day moving average price of $0.72 and a 200-day moving average price of $0.96.

Nixxy (NASDAQ:NIXX) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Nixxy had a negative return on equity of 141.48% and a negative net margin of 15.30%.The company had revenue of $51.13 million during the quarter.

About Nixxy

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.