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

Nayax Ltd. (NASDAQ:NYAX) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 25,774 shares, an increase of 201.1% from the January 29th total of 8,559 shares. Based on an average daily trading volume, of 14,068 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 14,068 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group boosted their target price on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, January 2nd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares during the period. Savant Capital LLC bought a new position in Nayax in the second quarter worth approximately $433,000. Geode Capital Management LLC lifted its holdings in Nayax by 19.7% during the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after buying an additional 5,523 shares during the period. Finally, Y.D. More Investments Ltd boosted its position in Nayax by 6.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after acquiring an additional 72,751 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors.

Nayax Trading Up 0.5%

Shares of NASDAQ:NYAX traded up $0.25 on Thursday, hitting $51.25. 40,142 shares of the company’s stock were exchanged, compared to its average volume of 10,935. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 80.07 and a beta of 0.14. Nayax has a 12 month low of $32.38 and a 12 month high of $60.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.62. The business’s 50 day simple moving average is $54.54 and its two-hundred day simple moving average is $48.91.

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.