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

Nayax Ltd. (NASDAQ:NYAX) 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. Based on an average daily trading volume, of 28,209 shares, the days-to-cover ratio is presently 4.1 days. Approximately 0.3% of the shares of the stock are sold short.

Nayax Stock Up 2.5%

Shares of NYAX traded up $1.10 during trading hours on Friday, hitting $45.89. The stock had a trading volume of 15,991 shares, compared to its average volume of 20,937. Nayax has a 1-year low of $39.17 and a 1-year high of $76.86. The firm has a market capitalization of $1.68 billion, a P/E ratio of 218.52 and a beta of 0.46. The firm has a 50 day simple moving average of $48.61 and a 200-day simple moving average of $59.96. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%. The business had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. Sell-side analysts predict that Nayax will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on NYAX. Barclays lowered their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Jefferies Financial Group initiated coverage on shares of Nayax in a report on Wednesday, October 7th. They issued a “buy” rating and a $68.30 target price on the stock. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Friday, August 14th. Finally, UBS Group reiterated a “neutral” rating and set a $70.00 price target on shares of Nayax in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.46.

Insider Transactions at Nayax

In other news, insider Gal Omer sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total transaction of $67,755.00. Following the completion of the transaction, the insider directly owned 18,539 shares in the company, valued at approximately $837,406.63. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Ben-Avi purchased 1,554 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average cost of $43.18 per share, for a total transaction of $67,101.72. Following the completion of the purchase, the insider directly owned 6,591,702 shares of the company’s stock, valued at approximately $284,629,692.36. This represents a 0.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $152,241.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd lifted its holdings in Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after purchasing an additional 72,357 shares during the period. Altshuler Shaham Ltd increased its holdings in shares of Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,731 shares during the period. Tidal Investments LLC purchased a new stake in shares of Nayax in the second quarter worth $650,000. Finally, Bank of America Corp DE raised its position in shares of Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after buying an additional 8,727 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.