Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Up ∞ in August

Nexi S.p.A. (OTCMKTS:NEXXY) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 4 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 1,113 shares, the short-interest ratio is currently 0.0 days.

Nexi Stock Performance

Shares of Nexi stock remained flat at $4.65 during trading on Tuesday. Nexi has a fifty-two week low of $3.00 and a fifty-two week high of $5.85. The stock has a 50 day moving average of $4.75 and a two-hundred day moving average of $4.26.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

About Nexi

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.