Nayax Ltd. (NASDAQ:NYAX) Short Interest Update

Key Points

• Short interest in Nayax Ltd. increased significantly by 51.6% in August, totaling 37,600 shares compared to 24,800 shares at the end of July.
• Analysts have mixed ratings for Nayax; while some have upgraded their price targets, the overall consensus rating remains a "Hold" with an average target price of $42.00.
• Institutional investors hold approximately 34.87% of Nayax's shares, indicating a growing interest from the investment community.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 37,600 shares, an increase of 51.6% from the July 31st total of 24,800 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares 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 worth $30,000 after purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax in the 2nd quarter worth $33,000. Bank of America Corp DE lifted its stake in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after purchasing an additional 1,353 shares in the last quarter. Ascent Group LLC bought a new position in Nayax during the second quarter valued at approximately $220,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Nayax during the second quarter valued at approximately $340,000. Institutional investors own 34.87% of the company's stock.

Nayax Price Performance

Nayax stock traded up $0.18 during mid-day trading on Friday, hitting $50.75. The stock had a trading volume of 6,760 shares, compared to its average volume of 11,285. The firm has a market capitalization of $1.80 billion, a P/E ratio of 89.04 and a beta of 0.23. 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's 50 day moving average is $46.06 and its 200 day moving average is $42.28. Nayax has a one year low of $23.52 and a one year high of $52.46.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its 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 company had revenue of $95.59 million during the quarter, compared to the consensus estimate of $99.16 million. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Nayax has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Nayax will post -0.16 earnings per share for the current fiscal year.

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.