Next Technology Holding Inc. (NASDAQ:NXTT) Short Interest Update

Key Points

• Next Technology Holding Inc. experienced a drastic reduction in short interest, dropping by 94.7% to 93,700 shares as of September 15th, which represents only 4.0% of the company's shares being short sold.
• Several institutional investors added new positions in Next Technology, including Invesco Ltd., which purchased about $788,000 worth of shares in the second quarter.
• The stock traded at $24.90 on Tuesday, with a significant trading volume of 285,130 shares, well above its average of 92,160 shares.

Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 93,700 shares, a decline of 94.7% from the August 31st total of 1,780,000 shares. Based on an average trading volume of 218,500 shares, the short-interest ratio is presently 0.4 days. Approximately 4.0% of the shares of the stock are short sold. Approximately 4.0% of the shares of the stock are short sold. Based on an average trading volume of 218,500 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Next Technology to a "hold" rating in a research report on Saturday, June 21st.

Institutional Trading of Next Technology

Several large investors have recently modified their holdings of NXTT. Invesco Ltd. purchased a new position in Next Technology during the 2nd quarter valued at about $788,000. Geode Capital Management LLC purchased a new position in Next Technology during the 2nd quarter valued at about $412,000. Vident Advisory LLC purchased a new position in Next Technology during the 2nd quarter valued at about $124,000. Tower Research Capital LLC TRC purchased a new position in Next Technology during the 2nd quarter valued at about $92,000. Finally, XTX Topco Ltd purchased a new position in Next Technology during the 2nd quarter valued at about $76,000. 2.71% of the stock is owned by institutional investors.

Next Technology Stock Performance

NASDAQ NXTT traded up $2.07 during trading on Tuesday, hitting $24.90. 285,130 shares of the company's stock traded hands, compared to its average volume of 92,160. The stock has a fifty day moving average of $192.61 and a two-hundred day moving average of $238.91. Next Technology has a 12-month low of $20.14 and a 12-month high of $960.00.

Next Technology (NASDAQ:NXTT - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $54.00 earnings per share (EPS) for the quarter.

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.

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