NXT-ID Inc. (NASDAQ:NXTD) Short Interest Update
NXT-ID Inc. (NASDAQ:NXTD) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 890,212 shares, a growth of 32.3% from the July 14th total of 672,996 shares. Based on an average daily volume of 378,326 shares, the short-interest ratio is currently 2.4 days. Currently, 8.7% of the shares of the company are short sold.
An institutional investor recently raised its position in NXT-ID stock. Vanguard Group Inc. increased its stake in shares of NXT-ID Inc. (NASDAQ:NXTD) by 2.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 76,010 shares of the technology company’s stock after buying an additional 1,609 shares during the period. Vanguard Group Inc. owned approximately 0.79% of NXT-ID worth $144,000 as of its most recent filing with the SEC. 0.86% of the stock is owned by hedge funds and other institutional investors.
NXT-ID (NASDAQ NXTD) opened at 1.57 on Friday. The company’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.82. The company’s market capitalization is $15.03 million. NXT-ID has a 52 week low of $1.21 and a 52 week high of $4.90.
NXT-ID (NASDAQ:NXTD) last released its quarterly earnings results on Tuesday, May 16th. The technology company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The company had revenue of $6.68 million during the quarter. On average, analysts predict that NXT-ID will post ($0.39) EPS for the current year.
Separately, Maxim Group set a $5.00 price target on NXT-ID and gave the company a “buy” rating in a research note on Thursday, August 3rd.
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NXT-ID Company Profile
Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.
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