Nayax Ltd. (NASDAQ:NYAX) Short Interest Up 23.2% in September

Nayax Ltd. (NASDAQ:NYAX) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 76,900 shares, an increase of 23.2% from the August 31st total of 62,400 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is currently 10.7 days.

Hedge Funds Weigh In On Nayax

A number of hedge funds have recently made changes to their positions in NYAX. Hood River Capital Management LLC purchased a new stake in shares of Nayax in the first quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after acquiring an additional 1,099 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in Nayax in the 2nd quarter worth $229,000. Altshuler Shaham Ltd purchased a new position in shares of Nayax during the 2nd quarter valued at about $1,010,000. Finally, Baillie Gifford & Co. purchased a new position in shares of Nayax during the 1st quarter valued at about $1,302,000. Institutional investors own 34.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Nayax from $27.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Keefe, Bruyette & Woods decreased their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th.

Nayax Trading Down 1.7 %

NASDAQ NYAX traded down $0.44 on Monday, hitting $25.21. The company’s stock had a trading volume of 1,335 shares, compared to its average volume of 8,103. The firm has a market cap of $828.09 million, a P/E ratio of -54.81 and a beta of 0.03. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $24.55. Nayax has a 52-week low of $18.46 and a 52-week high of $30.99.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Nayax had a negative net margin of 5.34% and a negative return on equity of 11.18%. The firm had revenue of $78.09 million for the quarter, compared to analysts’ expectations of $78.10 million. During the same quarter last year, the company posted ($0.12) EPS. Research analysts predict that Nayax will post -0.13 EPS for the current fiscal year.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.