Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Update

Next Technology Holding Inc. (NASDAQ:NXTT) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 39,372 shares, an increase of 314.4% from the June 30th total of 9,502 shares. Based on an average trading volume of 152,045 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Next Technology in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Next Technology

A number of hedge funds have recently bought and sold shares of NXTT. Invesco Ltd. acquired a new position in shares of Next Technology during the 2nd quarter worth about $788,000. Geode Capital Management LLC acquired a new stake in Next Technology in the 2nd quarter valued at approximately $412,000. Vident Advisory LLC bought a new position in Next Technology in the 2nd quarter worth approximately $124,000. Tower Research Capital LLC TRC bought a new position in Next Technology in the 2nd quarter worth approximately $92,000. Finally, XTX Topco Ltd acquired a new position in shares of Next Technology during the second quarter worth approximately $76,000. 2.71% of the stock is currently owned by institutional investors.

Next Technology Stock Performance

Shares of NASDAQ NXTT opened at $0.61 on Friday. The business’s 50-day simple moving average is $1.29 and its 200-day simple moving average is $2.60. Next Technology has a 52 week low of $0.45 and a 52 week high of $476.00. The firm has a market cap of $46.84 million, a price-to-earnings ratio of -0.00 and a beta of 6.06.

Next Technology (NASDAQ:NXTT) last announced its earnings results on Friday, July 24th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $0.84 million during the quarter.

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.