Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Drops By 82.4%

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 9,502 shares, a decrease of 82.4% from the June 15th total of 54,075 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 155,638 shares, the days-to-cover ratio is currently 0.1 days.

Next Technology Stock Performance

Shares of NXTT traded down $0.01 during mid-day trading on Monday, reaching $1.02. 152,565 shares of the company’s stock traded hands, compared to its average volume of 151,772. The business’s 50-day moving average price is $1.41 and its 200-day moving average price is $2.93. The stock has a market capitalization of $77.79 million, a P/E ratio of -0.01 and a beta of 6.06. Next Technology has a 12 month low of $0.45 and a 12 month high of $558.00.

Next Technology (NASDAQ:NXTT) last posted its earnings results on Wednesday, April 29th. The company reported ($11.86) EPS for the quarter. The company had revenue of $0.47 million during the quarter.

Institutional Investors Weigh In On Next Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in Next Technology in the 3rd quarter valued at about $42,000. Empowered Funds LLC bought a new stake in shares of Next Technology during the 4th quarter worth about $61,000. Bridgeway Capital Management LLC bought a new stake in shares of Next Technology during the 4th quarter worth about $61,000. Qube Research & Technologies Ltd acquired a new stake in shares of Next Technology in the 2nd quarter worth approximately $32,000. Finally, DRW Securities LLC acquired a new stake in shares of Next Technology in the 4th quarter worth approximately $183,000. 2.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Next Technology in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Next Technology

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.