Short Interest in Nextech3D.AI Co. (OTCMKTS:NEXCF) Increases By 287.7%

Nextech3D.AI Co. (OTCMKTS:NEXCF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 148,100 shares, an increase of 287.7% from the February 28th total of 38,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 953,900 shares, the days-to-cover ratio is currently 0.2 days.

Nextech3D.AI Price Performance

OTCMKTS NEXCF traded down $0.01 during trading hours on Friday, reaching $0.03. The company’s stock had a trading volume of 191,525 shares, compared to its average volume of 446,139. Nextech3D.AI has a 1-year low of $0.02 and a 1-year high of $0.16. The company’s 50-day moving average is $0.04 and its two-hundred day moving average is $0.04. The firm has a market capitalization of $4.31 million, a price-to-earnings ratio of -0.75 and a beta of 1.19.

Nextech3D.AI (OTCMKTS:NEXCF) last announced 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). Nextech3D.AI had a negative return on equity of 7,225.80% and a negative net margin of 336.36%. The business had revenue of $0.21 million during the quarter, compared to the consensus estimate of $1.02 million. Equities analysts forecast that Nextech3D.AI will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Nextech3D.AI

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.