Short Interest in Nayax Ltd. (NASDAQ:NYAX) Decreases By 36.2%

Key Points

• Nayax Ltd. experienced a 36.2% decrease in short interest for August, with a total of 24,000 shares sold short as of August 31st.
• The company announced its quarterly earnings, reporting an EPS of $0.16, which exceeded expectations, although revenue was slightly below analyst estimates at $95.59 million.
• Recent analyst reports have led to mixed ratings, with target prices adjusted to between $42.00 and $50.00, and a consensus rating of "Hold."

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 24,000 shares, a decrease of 36.2% from the August 15th total of 37,600 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the company's shares are short sold.

Nayax Stock Down 1.2%

Shares of NYAX stock traded down $0.55 on Friday, hitting $47.04. 4,113 shares of the stock were exchanged, compared to its average volume of 11,200. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.67 billion, a P/E ratio of 82.53 and a beta of 0.23. The business has a 50-day moving average of $46.29 and a 200 day moving average of $42.64. Nayax has a fifty-two week low of $24.50 and a fifty-two week high of $52.46.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. The firm had revenue of $95.59 million for the quarter, compared to analyst estimates of $99.16 million. Nayax had a return on equity of 5.32% and a net margin of 6.06%. Nayax has set its FY 2025 guidance at EPS. Equities analysts anticipate that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. bought a new stake in Nayax in the second quarter valued at approximately $33,000. Bank of America Corp DE raised its stake in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after buying an additional 1,353 shares during the period. Citadel Advisors LLC bought a new stake in Nayax in the fourth quarter valued at approximately $217,000. Finally, Ascent Group LLC bought a new stake in Nayax in the second quarter valued at approximately $220,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NYAX. Keefe, Bruyette & Woods upped their price objective on Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Wall Street Zen cut Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Finally, UBS Group boosted their target price on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nayax currently has an average rating of "Hold" and an average price target of $42.00.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.