Short Interest in Nayax Ltd. (NASDAQ:NYAX) Increases By 51.6%

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 recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 37,600 shares, agrowthof51.6% from the July 31st total of 24,800 shares. Based on an average daily trading volume, of 15,700 shares, the short-interest ratio is currently 2.4 days. Currently,0.3% of the shares of the stock are sold short. Currently,0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,700 shares, the short-interest ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

NYAX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Keefe, Bruyette & Woods upped their price target on Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. UBS Group increased their price target on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. B. Riley reaffirmed a "buy" rating and issued a $47.00 target price (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $42.00.

Institutional Trading of Nayax

A number of hedge funds and other institutional investors have recently bought and sold shares of NYAX. Citadel Advisors LLC acquired a new stake in Nayax during the fourth quarter worth approximately $217,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nayax by 2.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after acquiring an additional 16,200 shares in the last quarter. ARK Investment Management LLC purchased a new position in Nayax during the 1st quarter worth $1,906,000. Nuveen LLC acquired a new position in Nayax in the 1st quarter valued at about $935,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nayax during the fourth quarter worth approximately $351,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Trading Up 0.9%

Shares of Nayax stock traded up $0.46 on Friday, reaching $49.93. The company had a trading volume of 16,068 shares, compared to its average volume of 11,702. The firm's 50 day moving average price is $46.09 and its two-hundred day moving average price is $41.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.68. Nayax has a 52-week low of $22.70 and a 52-week high of $52.46. The firm has a market cap of $1.77 billion, a PE ratio of 87.60 and a beta of 0.23.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. The firm 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. Sell-side analysts predict 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.

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