Nexxen International Ltd. (NASDAQ:NEXN) Short Interest Update

Nexxen International Ltd. (NASDAQ:NEXN) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 76,900 shares, a decline of 37.4% from the December 15th total of 122,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 168,900 shares, the short-interest ratio is presently 0.5 days.

Nexxen International Stock Down 3.5 %

Shares of Nexxen International stock opened at $9.54 on Tuesday. Nexxen International has a twelve month low of $4.61 and a twelve month high of $10.94. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $9.58 and its 200 day moving average is $8.08. The company has a market cap of $626.27 million, a price-to-earnings ratio of 238.50 and a beta of 1.90.

Hedge Funds Weigh In On Nexxen International

Several hedge funds and other institutional investors have recently modified their holdings of NEXN. Dimensional Fund Advisors LP purchased a new stake in Nexxen International during the second quarter valued at $451,000. Renaissance Technologies LLC bought a new stake in shares of Nexxen International during the 2nd quarter valued at about $810,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Nexxen International during the 2nd quarter valued at about $141,000. Marshall Wace LLP bought a new position in shares of Nexxen International in the 2nd quarter worth approximately $136,000. Finally, Guinness Atkinson Asset Management Inc purchased a new position in shares of Nexxen International in the third quarter worth approximately $31,000. 54.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEXN has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of Nexxen International from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC lifted their target price on Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.20.

About Nexxen International

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.