Off The Hook Ys Inc. (NYSEAMERICAN:NXB) Short Interest Update

Off The Hook Ys Inc. (NYSEAMERICAN:NXB) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 16,462 shares, a decline of 47.5% from the May 31st total of 31,385 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 27,926 shares, the short-interest ratio is presently 0.6 days.

Off The Hook Ys Price Performance

Off The Hook Ys stock opened at $2.50 on Tuesday. The stock’s fifty day moving average price is $2.48. Off The Hook Ys has a 12-month low of $1.70 and a 12-month high of $3.90.

Off The Hook Ys (NYSEAMERICAN:NXB) last posted its earnings results on Thursday, May 14th. The company reported ($0.14) EPS for the quarter. The company had revenue of $29.84 million during the quarter.

Insider Buying and Selling at Off The Hook Ys

In other news, Chairman Jason Daniel Ruegg sold 475,000 shares of Off The Hook Ys stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $2.00, for a total value of $950,000.00. Following the completion of the transaction, the chairman owned 10,775,000 shares in the company, valued at approximately $21,550,000. This trade represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian John sold 120,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $2.41, for a total value of $289,200.00. Following the transaction, the chief executive officer directly owned 1,133,350 shares of the company’s stock, valued at approximately $2,731,373.50. This represents a 9.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 600,000 shares of company stock valued at $1,252,400.

Hedge Funds Weigh In On Off The Hook Ys

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new position in Off The Hook Ys in the fourth quarter valued at approximately $42,000. HRT Financial LP acquired a new stake in Off The Hook Ys during the fourth quarter worth approximately $58,000. Jane Street Group LLC purchased a new stake in shares of Off The Hook Ys during the 4th quarter worth approximately $35,000. Finally, Millennium Management LLC purchased a new stake in shares of Off The Hook Ys during the 4th quarter worth approximately $52,000.

About Off The Hook Ys

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.