Off The Hook Ys Inc. (NYSEAMERICAN:NXB) Short Interest Down 47.5% in June

Off The Hook Ys Inc. (NYSEAMERICAN:NXB) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 16,462 shares, a decrease of 47.5% from the May 31st total of 31,385 shares. Based on an average daily trading volume, of 27,926 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Off The Hook Ys Stock Performance

Shares of NYSEAMERICAN NXB traded down $0.14 during midday trading on Wednesday, reaching $2.16. 271,036 shares of the company’s stock traded hands, compared to its average volume of 61,442. The stock’s 50 day moving average is $2.45. Off The Hook Ys has a one year low of $1.70 and a one year high of $3.90.

Off The Hook Ys (NYSEAMERICAN:NXB) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $29.84 million for the quarter.

Insider Buying and Selling at Off The Hook Ys

In other Off The Hook Ys news, Chairman Jason Daniel Ruegg sold 475,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $2.00, for a total transaction of $950,000.00. Following the transaction, the chairman owned 10,775,000 shares of the company’s stock, valued at approximately $21,550,000. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian John sold 120,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $2.41, for a total transaction of $289,200.00. Following the transaction, the chief executive officer directly owned 1,133,350 shares in the company, valued at $2,731,373.50. This trade represents a 9.57% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 600,000 shares of company stock worth $1,252,400.

Hedge Funds Weigh In On Off The Hook Ys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Off The Hook Ys during the fourth quarter worth about $35,000. Geode Capital Management LLC acquired a new position in Off The Hook Ys in the 4th quarter worth approximately $42,000. Millennium Management LLC purchased a new position in Off The Hook Ys during the 4th quarter worth approximately $52,000. Finally, HRT Financial LP purchased a new position in Off The Hook Ys during the 4th quarter worth approximately $58,000.

Off The Hook Ys Company Profile

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.