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

Nexi S.p.A. (OTCMKTS:NEXXY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 20,026 shares, a growth of ? from the May 31st total of 0 shares. Based on an average trading volume of 10,440 shares, the short-interest ratio is currently 1.9 days.

Nexi Stock Down 2.0%

Shares of NEXXY opened at $4.21 on Friday. Nexi has a twelve month low of $3.00 and a twelve month high of $6.74. The stock’s fifty day simple moving average is $4.20 and its 200 day simple moving average is $4.13.

Wall Street Analyst Weigh In

NEXXY has been the topic of several analyst reports. Citigroup restated a “neutral” rating on shares of Nexi in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nexi in a research note on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group cut Nexi to a “neutral” rating in a report on Monday, April 13th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently 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.