Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Up 69.2% in December

Nexi S.p.A. (OTCMKTS:NEXXY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 790 shares, an increase of 69.2% from the November 30th total of 467 shares. Based on an average daily volume of 781 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 781 shares, the days-to-cover ratio is presently 1.0 days.

Nexi Stock Performance

Shares of OTCMKTS:NEXXY remained flat at $4.75 during midday trading on Friday. Nexi has a 1 year low of $4.17 and a 1 year high of $6.74. The stock has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $5.51.

Analyst Upgrades and Downgrades

NEXXY has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of Nexi in a research report on Tuesday, December 16th. BNP Paribas cut shares of Nexi to a “neutral” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Nexi Company Profile

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.