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

Nexxen International Ltd. (NASDAQ:NEXN) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 51,900 shares, a decrease of 40.5% from the January 15th total of 87,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 179,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Nexxen International

Several hedge funds and other institutional investors have recently made changes to their positions in NEXN. GAMMA Investing LLC grew its stake in shares of Nexxen International by 2,021.9% during the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $84,000 after acquiring an additional 8,027 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in Nexxen International in the 3rd quarter worth approximately $2,449,000. Blue Trust Inc. grew its position in Nexxen International by 221.7% during the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after purchasing an additional 3,931 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Nexxen International by 24.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,998 shares of the company’s stock valued at $466,000 after purchasing an additional 11,346 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Nexxen International by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 48,072 shares of the company’s stock valued at $386,000 after purchasing an additional 2,125 shares in the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Wall Street Analyst Weigh In

NEXN has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of Nexxen International from $9.50 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their target price on shares of Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $11.00 price target on shares of Nexxen International in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Nexxen International presently has an average rating of “Moderate Buy” and an average price target of $10.20.

Nexxen International Trading Down 0.8 %

Shares of NASDAQ:NEXN traded down $0.08 during trading on Thursday, reaching $9.92. 23,673 shares of the company were exchanged, compared to its average volume of 122,820. Nexxen International has a 12-month low of $4.71 and a 12-month high of $10.94. The firm has a market capitalization of $642.62 million, a PE ratio of 248.00 and a beta of 1.89. The business’s fifty day simple moving average is $9.94 and its 200-day simple moving average is $8.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.43.

Nexxen International Company Profile

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.