Nayax Ltd. (NASDAQ:NYAX) Stock Short Interest Jumps 90.9%

Key Points

• Short interest in Nayax surged 90.9% to 116,456 shares as of September 30, representing about 0.3% of shares outstanding and 4.1 days to cover.
• Insider activity was broadly positive over the past three months, with insiders acquiring 198,962 shares worth approximately $8.97 million while selling 3,161 shares valued at $152,241.
• Nayax recently reported quarterly EPS of $0.14 and revenue of $122.59 million, beating analyst expectations. Despite the stock trading near $44.71—well below its 52-week high—analysts maintain a “Moderate Buy” consensus with an average price target of $73.46.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 116,456 shares, a growth of 90.9% from the September 15th total of 61,002 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,209 shares, the days-to-cover ratio is presently 4.1 days.

Insider Transactions at Nayax

In other Nayax news, insider David Ben-Avi bought 1,554 shares of Nayax stock in a transaction dated Tuesday, September 22nd. The stock was acquired at an average cost of $43.18 per share, with a total value of $67,101.72. Following the purchase, the insider directly owned 6,591,702 shares in the company, valued at $284,629,692.36. This represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gal Omer sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total value of $67,755.00. Following the transaction, the insider owned 18,539 shares in the company, valued at $837,406.63. This trade represents a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 198,962 shares of company stock valued at $8,972,432 and sold 3,161 shares valued at $152,241.

Institutional Trading of Nayax

A number of hedge funds have recently bought and sold shares of the business. Tidal Investments LLC acquired a new stake in Nayax during the second quarter worth $650,000. Public Employees Retirement System of Ohio purchased a new stake in Nayax in the second quarter valued at $239,000. Bank of America Corp DE lifted its stake in shares of Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock valued at $519,000 after purchasing an additional 8,727 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock valued at $2,026,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company's stock valued at $48,387,000 after purchasing an additional 25,694 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company's stock.

Nayax Price Performance

NYAX traded up $0.91 on Wednesday, hitting $44.71. 12,050 shares of the company's stock were exchanged, compared to its average volume of 21,006. Nayax has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $49.52 and a 200-day moving average price of $60.10. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 212.90 and a beta of 0.46.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $122.59 million during the quarter, compared to analysts' expectations of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. As a group, equities analysts anticipate that Nayax will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NYAX. UBS Group restated a "neutral" rating and set a $70.00 price objective on shares of Nayax in a research report on Tuesday, August 11th. Barclays dropped their target price on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 11th. Jefferies Financial Group assumed coverage on shares of Nayax in a research note on Wednesday, October 7th. They set a "buy" rating and a $68.30 target price for the company. Zacks Research upgraded shares of Nayax from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 price target for the company in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nayax has an average rating of "Moderate Buy" and an average price target of $73.46.

Nayax Company Profile

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.

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