NextNRG Inc. (NASDAQ:NXXT) Short Interest Update

NextNRG Inc. (NASDAQ:NXXT) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 621,465 shares, a decrease of 85.2% from the August 31st total of 4,203,124 shares. Approximately 8.0% of the shares of the stock are short sold. Based on an average daily volume of 280,484 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On NextNRG

Large investors have recently added to or reduced their stakes in the company. Themes Management Co LLC purchased a new position in shares of NextNRG in the 1st quarter worth about $100,000. Susquehanna International Group LLP increased its position in shares of NextNRG by 872.9% during the 2nd quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock valued at $49,000 after purchasing an additional 126,244 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of NextNRG during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

NextNRG Trading Down 2.1%

Shares of NextNRG stock traded down $0.02 on Friday, hitting $0.86. 60,220 shares of the company traded hands, compared to its average volume of 801,906. The firm’s 50-day simple moving average is $2.29 and its 200 day simple moving average is $3.68. The company has a market cap of $14.43 million, a P/E ratio of -0.19 and a beta of 0.04. NextNRG has a 12-month low of $0.82 and a 12-month high of $28.80.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NXXT. Weiss Ratings upgraded NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Wall Street Zen raised shares of NextNRG to a “hold” rating in a research note on Saturday, September 19th. HC Wainwright decreased their target price on shares of NextNRG to $15.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Zacks Research upgraded shares of NextNRG from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

NextNRG Company Profile

NextNRG, Inc is an energy and mobility company focused on providing fueling and electric-vehicle charging solutions. Its services are designed to help consumers, businesses and commercial fleets access energy more conveniently through mobile fuel delivery and charging infrastructure.

The company’s business includes mobile gasoline and diesel delivery, as well as the development and operation of electric-vehicle charging capabilities. Its platform is intended to support fleet operators and other customers seeking alternatives to conventional, fixed-location fueling.

NextNRG was previously known as EZFill Holdings, Inc, a company associated with on-demand mobile fueling services.