Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Up ? in August

Nexi S.p.A. (OTCMKTS:NEXXY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 4 shares, a growth of ? from the August 15th total of 0 shares. Based on an average daily trading volume, of 1,113 shares, the days-to-cover ratio is presently 0.0 days.

Nexi Stock Up 2.4%

NEXXY stock opened at $4.76 on Thursday. The business has a 50 day moving average of $4.77 and a 200-day moving average of $4.27. Nexi has a 12-month low of $3.00 and a 12-month high of $5.85.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.