Nayax Ltd. (NASDAQ:NYAX) Sees Significant Growth in Short Interest

Nayax Ltd. (NASDAQ:NYAX) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 64,457 shares, an increase of 222.0% from the April 30th total of 20,015 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 47,212 shares, the days-to-cover ratio is currently 1.4 days.

Nayax Stock Performance

NASDAQ NYAX opened at $75.81 on Friday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 95.96 and a beta of 0.39. Nayax has a twelve month low of $39.17 and a twelve month high of $76.86. The stock has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $56.15. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Sell-side analysts expect that Nayax will post 0.73 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NYAX. Keefe, Bruyette & Woods increased their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. UBS Group increased their price objective on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Nayax currently has a consensus rating of “Hold” and a consensus target price of $77.20.

Insiders Place Their Bets

In other Nayax news, President Keren Sharir sold 4,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $71.80, for a total transaction of $323,100.00. Following the completion of the transaction, the president owned 26,876 shares of the company’s stock, valued at approximately $1,929,696.80. The trade was a 14.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Michal Sever sold 5,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $64.32, for a total transaction of $321,600.00. Following the transaction, the chief marketing officer owned 17,306 shares of the company’s stock, valued at $1,113,121.92. This trade represents a 22.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,033 shares of company stock worth $873,328 in the last ninety days.

Institutional Trading of Nayax

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Osaic Holdings Inc. acquired a new stake in Nayax during the 2nd quarter worth about $33,000. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Nayax during the 4th quarter worth about $69,000. Finally, Alliancebernstein L.P. acquired a new stake in Nayax during the 3rd quarter worth about $128,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.