Nixxy, Inc. (NASDAQ:NIXX) Short Interest Up 24.5% in April

Nixxy, Inc. (NASDAQ:NIXX) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,004,854 shares, a growth of 24.5% from the March 31st total of 1,610,574 shares. Based on an average daily trading volume, of 1,384,169 shares, the short-interest ratio is presently 1.4 days. Approximately 7.7% of the company’s shares are short sold.

Nixxy Price Performance

Shares of NASDAQ:NIXX traded up $0.00 during trading hours on Friday, hitting $0.60. 362,183 shares of the company’s stock traded hands, compared to its average volume of 861,556. The business has a fifty day moving average price of $0.72 and a 200-day moving average price of $0.96. Nixxy has a 1 year low of $0.47 and a 1 year high of $2.47. The firm has a market capitalization of $16.22 million, a P/E ratio of -1.18 and a beta of 0.30.

Nixxy (NASDAQ:NIXX) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($0.15) earnings per share for the quarter. Nixxy had a negative net margin of 15.30% and a negative return on equity of 141.48%. The company had revenue of $51.13 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Nixxy from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Nixxy

Several institutional investors and hedge funds have recently modified their holdings of NIXX. XTX Topco Ltd bought a new stake in shares of Nixxy during the second quarter valued at approximately $73,000. Geode Capital Management LLC raised its stake in shares of Nixxy by 15.5% during the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after acquiring an additional 30,696 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Nixxy during the fourth quarter valued at approximately $121,000. Finally, Virtu Financial LLC bought a new stake in shares of Nixxy during the fourth quarter valued at approximately $40,000. Institutional investors own 13.14% of the company’s stock.

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.