Next Technology Holding Inc. (NASDAQ:NXTT) Sees Large Increase in Short Interest

Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 974,800 shares, a growth of 3,768.3% from the April 30th total of 25,200 shares. Based on an average daily volume of 6,250,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Next Technology Price Performance

NXTT traded down $0.07 during trading on Friday, reaching $1.93. The company's stock had a trading volume of 438,538 shares, compared to its average volume of 1,788,962. Next Technology has a 52-week low of $0.22 and a 52-week high of $6.00. The company's fifty day moving average price is $0.91 and its 200-day moving average price is $1.43.

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

Analysts Set New Price Targets

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

Next Technology Company Profile

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.