Next Technology Holding Inc. (NASDAQ:NXTT) Sees Large Growth in Short Interest

Next Technology Holding Inc. (NASDAQ:NXTT) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 33,612 shares, a growth of 127.9% from the December 15th total of 14,747 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 37,263 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 37,263 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.5% of the shares of the stock are short sold.

Next Technology Price Performance

NXTT traded down $0.05 during trading on Wednesday, hitting $6.89. The company’s stock had a trading volume of 14,562 shares, compared to its average volume of 303,695. The firm’s 50 day moving average price is $8.95 and its 200-day moving average price is $131.31. Next Technology has a twelve month low of $5.80 and a twelve month high of $960.00. The stock has a market cap of $19.77 million, a PE ratio of 0.15 and a beta of 7.17.

Institutional Investors Weigh In On Next Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in Next Technology during the 3rd quarter valued at $42,000. Qube Research & Technologies Ltd bought a new stake in Next Technology in the second quarter valued at about $32,000. XTX Topco Ltd bought a new position in Next Technology during the second quarter worth $76,000. Tower Research Capital LLC TRC bought a new position in Next Technology in the second quarter worth about $92,000. Finally, Vident Advisory LLC bought a new position in shares of Next Technology during the second quarter valued at approximately $124,000. 2.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NXTT. Wall Street Zen downgraded Next Technology from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (d)” rating on shares of Next Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Next Technology currently has a consensus rating of “Sell”.

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.