Nexi S.p.A. (OTCMKTS:NEXXY) Shares Shorted: Short Interest Down 97.6% in October

Nexi S.p.A. (OTCMKTS:NEXXY) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 66 shares, a decrease of 97.6% from the September 30th total of 2,754 shares. Based on an average daily volume of 510 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “neutral” rating on shares of Nexi in a report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nexi presently has an average rating of “Reduce”.

Nexi Trading Down 1.2%

Shares of NEXXY stock traded down $0.06 during trading hours on Monday, hitting $4.80. 53,640 shares of the company were exchanged, compared to its average volume of 6,514. The firm has a fifty day moving average of $4.78 and a 200 day moving average of $4.32. Nexi has a 1 year low of $3.00 and a 1 year high of $5.54.

Nexi Company Profile

Nexi S.p.A. is an Italian PayTech company that provides digital payment infrastructure and transaction services to merchants, banks, businesses and public-sector organizations. Its activities include merchant acquiring, card issuing, payment processing, point-of-sale services, e-commerce payments and digital payment solutions.

The company offers technology and services that support card and account-based payments, including payment terminals, online checkout tools, mobile payments, automated teller machine management and fraud-prevention capabilities.