Off The Hook Ys Inc. (NYSEAMERICAN:NXB) Short Interest Up 93.4% in June

Off The Hook Ys Inc. (NYSEAMERICAN:NXB) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 31,832 shares, an increase of 93.4% from the June 15th total of 16,462 shares. Based on an average trading volume of 28,975 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the company’s stock are short sold.

Off The Hook Ys Stock Performance

NYSEAMERICAN:NXB traded down $0.06 on Friday, hitting $2.01. The stock had a trading volume of 23,477 shares, compared to its average volume of 59,758. Off The Hook Ys has a 1 year low of $1.70 and a 1 year high of $3.90. The firm’s fifty day simple moving average is $2.28.

Off The Hook Ys (NYSEAMERICAN:NXB) last announced its earnings results on Thursday, May 14th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $29.84 million during the quarter.

Insider Activity

In related news, CEO Brian John sold 120,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $2.41, for a total transaction of $289,200.00. Following the transaction, the chief executive officer directly owned 1,133,350 shares in the company, valued at approximately $2,731,373.50. The trade was a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jason Daniel Ruegg sold 475,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $2.00, for a total transaction of $950,000.00. Following the completion of the sale, the chairman directly owned 10,775,000 shares of the company’s stock, valued at $21,550,000. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 600,000 shares of company stock valued at $1,252,400.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP bought a new position in Off The Hook Ys in the 4th quarter valued at $58,000. Millennium Management LLC bought a new stake in shares of Off The Hook Ys during the 4th quarter worth $52,000. Geode Capital Management LLC purchased a new position in shares of Off The Hook Ys in the 4th quarter worth about $42,000. Finally, Jane Street Group LLC purchased a new position in shares of Off The Hook Ys in the 4th quarter worth about $35,000.

About Off The Hook Ys

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.