NXT-ID Inc (NASDAQ:NXTD) saw a significant growth in short interest in January. As of January 12th, there was short interest totalling 3,495,288 shares, a growth of 60.6% from the December 29th total of 2,176,855 shares. Currently, 19.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,652,828 shares, the short-interest ratio is currently 1.0 days.
NXTD has been the topic of a number of research analyst reports. Maxim Group reiterated a “buy” rating on shares of NXT-ID in a research report on Tuesday, November 21st. ValuEngine upgraded NXT-ID from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of NXT-ID (NASDAQ NXTD) opened at $2.32 on Friday. NXT-ID has a 52-week low of $1.01 and a 52-week high of $8.59. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61. The stock has a market capitalization of $52.45, a P/E ratio of -2.42 and a beta of -4.30.
A number of hedge funds have recently modified their holdings of the business. Virtu KCG Holdings LLC raised its position in NXT-ID by 1,806.4% during the second quarter. Virtu KCG Holdings LLC now owns 256,052 shares of the technology company’s stock valued at $479,000 after purchasing an additional 242,621 shares during the period. Vanguard Group Inc. raised its position in NXT-ID by 2.2% during the second quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,609 shares during the period. Finally, Bank of Montreal Can purchased a new stake in NXT-ID during the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 2.87% of the company’s stock.
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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