Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Drops By 93.3%

Next Technology Holding Inc. (NASDAQ:NXTT) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 7,300 shares, a drop of 93.3% from the September 30th total of 108,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 114,500 shares, the days-to-cover ratio is currently 0.1 days.

Next Technology Trading Up 2.7 %

Next Technology stock traded up $0.03 during mid-day trading on Friday, hitting $1.15. 15,722 shares of the company’s stock traded hands, compared to its average volume of 83,426. The firm has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $3.08. Next Technology has a fifty-two week low of $0.97 and a fifty-two week high of $13.74.

Next Technology (NASDAQ:NXTT) last posted its earnings results on Wednesday, August 21st. The company reported ($1.92) earnings per share for the quarter.

Next Technology Company Profile

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems.