Nixxy, Inc. (NASDAQ:NIXX) Stock Short Interest Report for September

Nixxy, Inc. (NASDAQ:NIXX) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 106,524 shares, a decrease of 52.2% from the September 15th total of 223,076 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 486,676 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of brokerages have weighed in on NIXX. Wall Street Zen cut shares of Nixxy from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nixxy in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Nixxy Trading Down 0.4%

Shares of NIXX traded down $0.00 during midday trading on Friday, reaching $0.24. 101,958 shares of the company were exchanged, compared to its average volume of 1,632,176. The stock has a 50-day moving average price of $0.49 and a 200-day moving average price of $0.74. The company has a market cap of $7.05 million, a price-to-earnings ratio of -1.88 and a beta of 0.41. Nixxy has a 1-year low of $0.17 and a 1-year high of $1.83.

Nixxy (NASDAQ:NIXX) last issued its earnings results on Wednesday, August 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. Nixxy had a negative return on equity of 74.47% and a negative net margin of 6.19%. The company had revenue of $16.09 million during the quarter, compared to the consensus estimate of $6.77 million.

About Nixxy

Nixxy, Inc is a technology-focused holding company that develops, acquires and operates businesses in the workforce solutions and recruiting sectors. Through its operating businesses, the company provides services intended to connect employers with candidates and support organizations with talent acquisition and staffing needs.

The company was formerly known as Recruiter.com Group, Inc and operated the Recruiter.com online recruiting platform. That platform offered recruiting-related tools and services for employers, recruiters and job seekers, including access to job listings, recruitment resources and talent-sourcing solutions.

Nixxy’s business strategy centers on building a portfolio of operating companies and expanding technology-enabled services.