Nexxen International Ltd. (NASDAQ:NEXN - Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 122,900 shares, a growth of 50.8% from the November 30th total of 81,500 shares. Based on an average trading volume of 153,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company's shares are sold short.
Nexxen International Stock Down 0.5 %
Shares of NEXN traded down $0.05 during trading on Friday, reaching $9.98. The company's stock had a trading volume of 56,469 shares, compared to its average volume of 86,844. The company has a market cap of $658.86 million, a price-to-earnings ratio of 249.50 and a beta of 1.93. 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 has a fifty day moving average of $9.12 and a two-hundred day moving average of $7.76. Nexxen International has a twelve month low of $4.61 and a twelve month high of $10.47.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC upped their target price on shares of Nexxen International from $9.50 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.80.
Check Out Our Latest Stock Report on NEXN
Institutional Trading of Nexxen International
A number of hedge funds and other institutional investors have recently made changes to their positions in NEXN. Guinness Atkinson Asset Management Inc bought a new stake in Nexxen International in the third quarter valued at about $31,000. Blue Trust Inc. increased its holdings in shares of Nexxen International by 221.7% in the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company's stock valued at $46,000 after acquiring an additional 3,931 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Nexxen International during the 3rd quarter valued at approximately $123,000. Marshall Wace LLP bought a new position in Nexxen International during the second quarter worth $136,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Nexxen International in the second quarter worth $141,000. Institutional investors own 54.24% of the company's stock.
About Nexxen International
(
Get Free Report)
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.
Featured Stories
Before you consider Nexxen International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nexxen International wasn't on the list.
While Nexxen International currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
