Nayax Ltd. (NASDAQ:NYAX) Short Interest Update

Nayax Ltd. (NASDAQ:NYAX) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 66,830 shares, a growth of 124.0% from the August 15th total of 29,841 shares. Based on an average daily volume of 28,201 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.2% of the company’s stock are sold short.

Insider Activity

In other news, CFO Sagit Manor sold 1,252 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of the sale, the chief financial officer owned 45,238 shares in the company, valued at approximately $3,019,184.12. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eden Zafrani sold 500 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total value of $32,445.00. Following the completion of the sale, the insider owned 14,869 shares of the company’s stock, valued at approximately $964,849.41. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,213 shares of company stock worth $205,569 over the last three months.

Hedge Funds Weigh In On Nayax

Several institutional investors and hedge funds have recently made changes to their positions in NYAX. Russell Investments Group Ltd. grew its position in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in Nayax in the second quarter valued at $33,000. Bank of America Corp DE raised its holdings in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in Nayax during the 4th quarter valued at $69,000. Finally, Alliancebernstein L.P. bought a new position in Nayax during the 3rd quarter valued at $128,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Stock Down 2.9%

Shares of NASDAQ NYAX traded down $1.36 during midday trading on Monday, reaching $45.84. 20,447 shares of the company’s stock were exchanged, compared to its average volume of 20,036. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. Nayax has a 52-week low of $39.17 and a 52-week high of $76.86. The business’s fifty day moving average price is $59.03 and its two-hundred day moving average price is $61.85. The stock has a market capitalization of $1.68 billion, a PE ratio of 218.29 and a beta of 0.43.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%.The firm had revenue of $122.59 million during the quarter, compared to the consensus estimate of $116.75 million. Analysts forecast that Nayax will post 0.75 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on NYAX shares. UBS Group restated a “neutral” rating and issued a $70.00 price target on shares of Nayax in a report on Tuesday, August 11th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Barclays lowered their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.76.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.