Short Interest in Nexi S.p.A. (OTCMKTS:NEXXY) Decreases By 97.5%

Nexi S.p.A. (OTCMKTS:NEXXY) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 490 shares, a decrease 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.

Analyst Ratings Changes

NEXXY has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Citigroup reiterated a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group lowered Nexi to a “neutral” rating in a research note on Monday, April 13th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Nexi Stock Performance

NEXXY remained flat at $4.67 during midday trading on Friday. The company has a fifty day moving average of $4.14 and a two-hundred day moving average of $4.11. Nexi has a one year low of $3.00 and a one year high of $6.74.

Nexi Company Profile

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.