Short Interest in Nixxy, Inc. (NASDAQ:NIXX) Increases By 45.6%

Nixxy, Inc. (NASDAQ:NIXX) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 1,610,574 shares, a growth of 45.6% from the March 15th total of 1,106,220 shares. Based on an average daily volume of 1,760,713 shares, the short-interest ratio is currently 0.9 days. Approximately 6.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nixxy

A number of hedge funds and other institutional investors have recently bought and sold shares of NIXX. XTX Topco Ltd increased its holdings in Nixxy by 114.1% during the 4th quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after purchasing an additional 19,320 shares in the last quarter. Virtu Financial LLC bought a new position in Nixxy in the 4th quarter valued at $40,000. Jane Street Group LLC bought a new position in Nixxy in the 4th quarter valued at $121,000. Finally, Geode Capital Management LLC boosted its position in Nixxy by 15.5% in the 4th quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after buying an additional 30,696 shares during the last quarter. 13.14% of the stock is owned by institutional investors and hedge funds.

Nixxy Stock Up 1.5%

NIXX stock traded up $0.01 during midday trading on Tuesday, reaching $0.91. 873,849 shares of the company’s stock traded hands, compared to its average volume of 1,493,018. The company has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $1.04. Nixxy has a 1-year low of $0.47 and a 1-year high of $2.47. The company has a market cap of $22.52 million, a price-to-earnings ratio of -1.78 and a beta of 0.65.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a report on Monday, December 22nd. Wall Street Zen cut Nixxy from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Nixxy Company Profile

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.