Nexi S.p.A. (OTCMKTS:NEXXY) Short Interest Down 55.4% in May

Nexi S.p.A. (OTCMKTS:NEXXYGet Rating) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 7,000 shares, a decline of 55.4% from the April 30th total of 15,700 shares. Based on an average trading volume of 50,500 shares, the short-interest ratio is currently 0.1 days.

OTCMKTS:NEXXY opened at $10.52 on Friday. The business’s 50-day moving average is $10.29 and its two-hundred day moving average is $13.24. Nexi has a 12 month low of $8.85 and a 12 month high of $23.48.

Several research analysts recently weighed in on NEXXY shares. Bryan, Garnier & Co started coverage on Nexi in a research note on Tuesday, March 15th. They set a “buy” rating on the stock. Morgan Stanley initiated coverage on shares of Nexi in a research report on Tuesday, February 22nd. They set an “equal weight” rating for the company. Finally, Citigroup cut their price target on Nexi from €10.80 ($11.49) to €10.00 ($10.64) and set a “neutral” rating for the company in a report on Wednesday, May 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $9.67.

Nexi Company Profile (Get Rating)

Nexi S.p.A. provides electronic money and payment services to banks, financial and insurance institutions, merchants, businesses, and public administration in Italy. The company offers acquiring services; configuration, activation, and maintenance of POS terminals; fraud prevention; and dispute management services, as well as customer support services.

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