Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Up 314.4% in July

Next Technology Holding Inc. (NASDAQ:NXTT) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 39,372 shares, a growth of 314.4% from the June 30th total of 9,502 shares. Based on an average daily trading volume, of 152,045 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Next Technology Stock Performance

Shares of NASDAQ NXTT traded up $0.02 during midday trading on Monday, hitting $0.64. 336,438 shares of the company traded hands, compared to its average volume of 703,469. Next Technology has a 12-month low of $0.45 and a 12-month high of $444.00. The firm has a market cap of $48.43 million, a P/E ratio of -0.00 and a beta of 6.06. The stock has a 50-day moving average price of $1.29 and a 200 day moving average price of $2.56.

Next Technology (NASDAQ:NXTT) last issued its quarterly earnings data on Friday, July 24th. The company reported ($0.20) EPS for the quarter. Next Technology had a negative return on equity of 59.24% and a negative net margin of 2,355.97%.The company had revenue of $0.84 million during the quarter.

Institutional Investors Weigh In On Next Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. bought a new position in shares of Next Technology during the second quarter valued at $788,000. Geode Capital Management LLC bought a new stake in Next Technology during the 2nd quarter valued at about $412,000. Vident Advisory LLC purchased a new position in Next Technology in the second quarter worth about $124,000. Tower Research Capital LLC TRC purchased a new position in Next Technology in the second quarter worth about $92,000. Finally, XTX Topco Ltd bought a new position in shares of Next Technology in the second quarter worth approximately $76,000. Hedge funds and other institutional investors own 2.71% of the company’s stock.

Next Technology Company Profile

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.