NextNRG Inc. (NASDAQ:NXXT) Sees Significant Decrease in Short Interest

NextNRG Inc. (NASDAQ:NXXT) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 45,771 shares, a drop of 93.8% from the October 15th total of 734,847 shares. Based on an average daily volume of 23,591 shares, the short-interest ratio is currently 1.9 days. Currently, 5.9% of the company’s shares are short sold.

NextNRG Stock Down 92.7%

NASDAQ:NXXT traded down $2.42 on Tuesday, reaching $0.19. 12,478,859 shares of the company’s stock were exchanged, compared to its average volume of 130,733. The firm has a market capitalization of $319,580.00, a price-to-earnings ratio of -0.00 and a beta of 0.33. The business has a fifty day moving average of $8.92 and a 200-day moving average of $38.35. NextNRG has a 52-week low of $0.17 and a 52-week high of $222.00.

Analyst Ratings Changes

A number of research analysts have commented on the company. HC Wainwright decreased their price target on NextNRG to $150.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Wall Street Zen raised NextNRG to a “hold” rating in a research note on Saturday, September 19th. Finally, Weiss Ratings upgraded NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NextNRG presently has a consensus rating of “Hold” and a consensus target price of $150.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP increased its stake in NextNRG by 872.9% during the 2nd quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock worth $49,000 after buying an additional 126,244 shares during the period. BlackRock Inc. acquired a new stake in NextNRG during the 2nd quarter worth approximately $33,000. Finally, Themes Management Co LLC acquired a new stake in NextNRG during the 1st quarter worth approximately $100,000. Institutional investors and hedge funds own 10.56% of the company’s stock.

NextNRG Company Profile

NextNRG, Inc. (NASDAQ:NXXT) is an energy technology company focused on developing and deploying next-generation energy and mobility solutions. The company works to support the transition toward electrified transportation and more flexible, distributed energy systems. Its business activities include electric vehicle charging infrastructure, fleet electrification, battery energy storage, renewable energy integration and related energy-management technologies. These solutions are designed to help commercial customers, property owners and other organizations manage electricity demand, improve energy efficiency and support the adoption of electric vehicles.