Nextech3D.AI Co. (OTCMKTS:NEXCF) Short Interest Up 186.8% in September

Nextech3D.AI Co. (OTCMKTS:NEXCF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 87,200 shares, a growth of 186.8% from the September 15th total of 30,400 shares. Based on an average trading volume of 427,200 shares, the days-to-cover ratio is presently 0.2 days.

Nextech3D.AI Price Performance

NEXCF stock remained flat at $0.05 during trading on Friday. 674,094 shares of the company were exchanged, compared to its average volume of 201,015. Nextech3D.AI has a twelve month low of $0.03 and a twelve month high of $0.23. The business’s fifty day moving average is $0.07 and its 200-day moving average is $0.08.

Nextech3D.AI (OTCMKTS:NEXCF) last issued its quarterly earnings results on Thursday, August 29th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Nextech3D.AI had a negative return on equity of 7,225.80% and a negative net margin of 388.76%. The company had revenue of $0.81 million during the quarter, compared to the consensus estimate of $0.87 million. On average, equities research analysts anticipate that Nextech3D.AI will post -0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price target on shares of Nextech3D.AI from $0.50 to $0.25 and set a “buy” rating on the stock in a research report on Wednesday, September 18th.

Nextech3D.AI Company Profile

Nextech3D.AI Corporation provides augmented reality technologies, wayfinding technologies, and 3D model services. It focuses on creating 3D WebAR photorealistic models for the prime ecommerce marketplace, as well as other online retailers. The company was formerly known as NexTech AR Solutions Corp. and changed its name to Nextech3D.AI Corporation in September 2023.