Next Technology Holding Inc. (NASDAQ:NXTT) Sees Significant Decrease in Short Interest

Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 457,900 shares, a drop of 53.0% from the May 15th total of 974,800 shares. Based on an average daily volume of 6,100,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Next Technology to a "hold" rating in a research report on Thursday, May 22nd.

Next Technology Price Performance

Next Technology stock traded down $0.09 during trading hours on Tuesday, hitting $1.31. The company had a trading volume of 157,092 shares, compared to its average volume of 1,836,403. The company has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $1.37. Next Technology has a 1 year low of $0.22 and a 1 year high of $6.00.

Next Technology (NASDAQ:NXTT - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter.

About Next Technology

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems.