Nexi S.p.A. (OTCMKTS:NEXXY – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 490 shares, a drop of 97.5% from the June 30th total of 19,435 shares. Based on an average daily trading volume, of 4,113 shares, the short-interest ratio is currently 0.1 days.
Nexi Stock Performance
NEXXY stock remained flat at $4.67 during trading on Friday. The business has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.11. Nexi has a 12-month low of $3.00 and a 12-month high of $6.74.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on NEXXY shares. The Goldman Sachs Group downgraded shares of Nexi to a “neutral” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a report on Monday, May 11th. Citigroup reiterated a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 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.
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