Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Down 43.3% in July

Next Technology Holding Inc. (NASDAQ:NXTT) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 22,318 shares, a drop of 43.3% from the July 15th total of 39,372 shares. Based on an average trading volume of 221,967 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NXTT. XTX Topco Ltd bought a new stake in shares of Next Technology during the 2nd quarter worth $76,000. Tower Research Capital LLC TRC acquired a new position in Next Technology in the 2nd quarter valued at $92,000. Geode Capital Management LLC bought a new position in Next Technology in the 2nd quarter worth $412,000. BNP Paribas Financial Markets bought a new position in Next Technology in the 3rd quarter worth $42,000. Finally, Bridgeway Capital Management LLC acquired a new position in Next Technology during the 4th quarter worth $61,000. 2.71% of the stock is owned by institutional investors.

Next Technology Price Performance

Shares of NXTT stock traded down $0.18 on Tuesday, hitting $5.72. The company’s stock had a trading volume of 61,048 shares, compared to its average volume of 22,968. Next Technology has a fifty-two week low of $5.22 and a fifty-two week high of $27,200.00. The firm’s fifty day moving average price is $86.96 and its 200-day moving average price is $176.99. The stock has a market capitalization of $8.43 million, a price-to-earnings ratio of -0.00 and a beta of 6.14.

Next Technology (NASDAQ:NXTT) last issued its quarterly earnings data on Friday, July 24th. The company reported ($20.00) earnings per share (EPS) for the quarter. Next Technology had a negative return on equity of 60.08% and a negative net margin of 2,355.97%.The business had revenue of $0.84 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Next Technology from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Next Technology has an average rating of “Sell”.

About Next Technology

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.