NiCE (NASDAQ:NICE) Short Interest Update

NiCE (NASDAQ:NICE) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,407,765 shares, an increase of 30.0% from the December 31st total of 1,852,637 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 717,095 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 717,095 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.8% of the shares of the company are short sold.

Hedge Funds Weigh In On NiCE

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. increased its holdings in NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after purchasing an additional 99 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of NiCE in the 2nd quarter worth about $40,000. Atlantic Union Bankshares Corp bought a new position in shares of NiCE during the 2nd quarter valued at approximately $60,000. Legal & General Group Plc bought a new position in shares of NiCE during the 2nd quarter worth $65,000. Finally, Hantz Financial Services Inc. boosted its position in NiCE by 1,388.9% during the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 63.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NICE shares. Morgan Stanley cut their target price on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. JMP Securities set a $200.00 price objective on NiCE in a research report on Friday, November 14th. Royal Bank Of Canada decreased their target price on NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Barclays dropped their price target on NiCE from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Finally, Cantor Fitzgerald decreased their price objective on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.77.

NiCE Stock Down 0.4%

NASDAQ NICE opened at $108.98 on Wednesday. The company has a market capitalization of $6.89 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.62 and a beta of 0.96. NiCE has a 12-month low of $99.00 and a 12-month high of $180.61. The firm has a 50-day moving average price of $111.05 and a two-hundred day moving average price of $128.98.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.