Short Interest in Nexi S.p.A. (OTCMKTS:NEXXY) Rises By ∞

Nexi S.p.A. (OTCMKTS:NEXXY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 20,026 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 10,440 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on NEXXY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a research note on Monday, May 11th. Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a research report on Monday, April 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Nexi in a report on Thursday, May 28th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nexi has an average rating of “Reduce”.

Nexi Trading Down 2.4%

Shares of NEXXY stock opened at $4.00 on Wednesday. Nexi has a 12-month low of $3.00 and a 12-month high of $6.74. The business’s 50 day moving average is $4.20 and its two-hundred day moving average is $4.14.

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.