Nixxy, Inc. (NASDAQ:NIXX) Stock Short Interest Falls 41.3%

Nixxy, Inc. (NASDAQ:NIXX) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 62,529 shares, a decrease of 41.3% from the September 30th total of 106,524 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 550,469 shares, the short-interest ratio is presently 0.1 days.

Nixxy Price Performance

Shares of NIXX traded up $0.00 during trading hours on Monday, hitting $0.22. 79,088 shares of the company were exchanged, compared to its average volume of 1,575,096. Nixxy has a one year low of $0.17 and a one year high of $1.75. The company has a market capitalization of $6.24 million, a PE ratio of -1.66 and a beta of 0.52. The firm has a fifty day simple moving average of $0.40 and a 200-day simple moving average of $0.70.

Nixxy (NASDAQ:NIXX) last released its earnings results on Wednesday, August 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. The business had revenue of $16.09 million for the quarter, compared to the consensus estimate of $6.77 million. Nixxy had a negative net margin of 6.19% and a negative return on equity of 74.47%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NIXX shares. Wall Street Zen downgraded shares of Nixxy from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nixxy in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Nixxy

Nixxy, Inc (NASDAQ: NIXX) is a diversified holding company focused on acquiring, developing and operating businesses in technology, media and consumer-oriented sectors. The company seeks to build value through strategic acquisitions and operational support of its portfolio businesses.

Nixxy was formerly known as Recruiter.com Group, Inc Its historical operations were centered on recruitment and workforce solutions, including an online platform that connected employers with recruiters and provided hiring-related services.