Nixxy, Inc. (NASDAQ:NIXX) Stock Short Interest Falls 50.4%

Nixxy, Inc. (NASDAQ:NIXX – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 223,076 shares, a decline of 50.4% from the August 31st total of 449,683 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 390,767 shares, the days-to-cover ratio is presently 0.6 days.

Nixxy Stock Performance

Nixxy stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.33. 34,552 shares of the company were exchanged, compared to its average volume of 1,709,819. The firm has a market cap of $9.45 million, a P/E ratio of -2.52 and a beta of 0.41. The business has a fifty day moving average of $0.59 and a 200 day moving average of $0.79. Nixxy has a 12-month low of $0.30 and a 12-month high of $1.97.

Nixxy (NASDAQ:NIXX – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. Nixxy had a negative return on equity of 74.47% and a negative net margin of 6.19%.The firm had revenue of $16.09 million during the quarter, compared to analyst estimates of $6.77 million.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NIXX. Wall Street Zen downgraded shares of Nixxy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Nixxy

Nixxy Company Profile

(Get Free Report)

Nixxy, Inc (NASDAQ: NIXX) is a diversified holding company focused on acquiring, developing and operating businesses with growth potential. Its activities span areas such as technology, digital media and consumer products.

The company seeks to support its businesses through strategic investment, operational guidance and the development of products and services designed for consumer and commercial markets. Its portfolio approach allows Nixxy to pursue opportunities across multiple industries rather than focusing on a single product line.

Nixxy was formerly known as Vinco Ventures, Inc and adopted its current name as part of a broader corporate repositioning.

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