Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Down 82.4% in June

Next Technology Holding Inc. (NASDAQ:NXTT) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 9,502 shares, a drop of 82.4% from the June 15th total of 54,075 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 155,638 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Next Technology in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Next Technology has an average rating of “Sell”.

Next Technology Stock Performance

NASDAQ:NXTT traded down $0.04 on Friday, hitting $1.03. The stock had a trading volume of 103,819 shares, compared to its average volume of 156,969. The company has a fifty day moving average price of $1.42 and a two-hundred day moving average price of $3.00. Next Technology has a 1-year low of $0.45 and a 1-year high of $580.00.

Next Technology (NASDAQ:NXTT) last posted its earnings results on Wednesday, April 29th. The company reported ($11.86) EPS for the quarter. The business had revenue of $0.47 million for the quarter.

Hedge Funds Weigh In On Next Technology

Several large investors have recently bought and sold shares of the business. Invesco Ltd. purchased a new position in shares of Next Technology in the 2nd quarter valued at about $788,000. Geode Capital Management LLC acquired a new stake in Next Technology during the second quarter worth approximately $412,000. Vident Advisory LLC acquired a new stake in Next Technology during the second quarter worth approximately $124,000. Tower Research Capital LLC TRC purchased a new stake in shares of Next Technology during the 2nd quarter worth approximately $92,000. Finally, XTX Topco Ltd purchased a new stake in shares of Next Technology during the 2nd quarter worth approximately $76,000. Hedge funds and other institutional investors own 2.71% of the company’s stock.

Next Technology Company Profile

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.