Nayax Ltd. (NASDAQ:NYAX) Short Interest Up 201.1% in February

Nayax Ltd. (NASDAQ:NYAX) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 25,774 shares, a growth of 201.1% from the January 29th total of 8,559 shares. Based on an average trading volume of 14,068 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 14,068 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NYAX shares. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Keefe, Bruyette & Woods increased their target price on Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, January 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. UBS Group upped their target price on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Finally, Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares during the period. AltraVue Capital LLC bought a new stake in Nayax during the 4th quarter valued at $11,623,000. Goldman Sachs Group Inc. raised its holdings in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Nayax by 6.6% in the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock worth $59,025,000 after purchasing an additional 72,751 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Nayax by 57.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Trading Up 0.5%

NASDAQ NYAX traded up $0.25 on Thursday, hitting $51.25. The company’s stock had a trading volume of 40,142 shares, compared to its average volume of 10,935. The firm has a market cap of $1.82 billion, a PE ratio of 80.07 and a beta of 0.14. The company’s 50-day moving average is $54.54 and its 200 day moving average is $48.91. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. Nayax has a 1-year low of $32.38 and a 1-year high of $60.76.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.