Nixxy, Inc. (NASDAQ:NIXX) Stock Short Interest Falls 41.3%

Nixxy, Inc. (NASDAQ:NIXX) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 62,529 shares, a decline of 41.3% from the September 30th total of 106,524 shares. Based on an average daily volume of 550,469 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Nixxy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nixxy in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Nixxy currently has a consensus rating of “Sell”.

Nixxy Stock Down 3.2%

Shares of NIXX traded down $0.01 during mid-day trading on Friday, hitting $0.21. 146,068 shares of the company’s stock were exchanged, compared to its average volume of 592,180. The stock has a market cap of $6.19 million, a price-to-earnings ratio of -1.65 and a beta of 0.41. The firm has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.70. Nixxy has a twelve month low of $0.17 and a twelve month high of $1.75.

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

Nixxy Company Profile

Nixxy, Inc (NASDAQ: NIXX) is a diversified holding company focused on acquiring, developing and operating businesses in technology, media and consumer-oriented sectors. The company seeks to build value through strategic acquisitions and operational support of its portfolio businesses.

Nixxy was formerly known as Recruiter.com Group, Inc Its historical operations were centered on recruitment and workforce solutions, including an online platform that connected employers with recruiters and provided hiring-related services.