Nextech3D.AI Co. (OTCMKTS:NEXCF) Sees Large Drop in Short Interest

Nextech3D.AI Co. (OTCMKTS:NEXCF) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 60,000 shares, a decline of 74.9% from the January 31st total of 239,400 shares. Based on an average daily volume of 529,000 shares, the short-interest ratio is presently 0.1 days.

Nextech3D.AI Trading Down 3.3 %

NEXCF stock traded down $0.00 during trading on Friday, hitting $0.04. The stock had a trading volume of 71,903 shares, compared to its average volume of 402,136. The company’s 50-day moving average price is $0.04 and its two-hundred day moving average price is $0.05. Nextech3D.AI has a twelve month low of $0.02 and a twelve month high of $0.23.

Nextech3D.AI (OTCMKTS:NEXCF) last issued its earnings results on Friday, February 28th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $0.21 million for the quarter, compared to analysts’ expectations of $1.02 million. Nextech3D.AI had a negative return on equity of 7,225.80% and a negative net margin of 336.36%. On average, sell-side analysts anticipate that Nextech3D.AI will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $0.25 price target on shares of Nextech3D.AI in a research note on Wednesday, December 4th.

Nextech3D.AI Company Profile

Nextech3D.AI Corporation provides augmented reality technologies, wayfinding technologies, and 3D model services. It focuses on creating 3D WebAR photorealistic models for the prime ecommerce marketplace, as well as other online retailers. The company was formerly known as NexTech AR Solutions Corp. and changed its name to Nextech3D.AI Corporation in September 2023.