NXT-ID Short Interest Down 35.0% in October (NXTD)


NXT-ID Short Interest Down 35.0% in October (NXTD)

NXT-ID (NASDAQ:NXTD) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 408,456 shares, a decrease of 35.0% from the October 15th total of 628,091 shares, Analyst Ratings.Net reports. Based on an average trading volume of 272,371 shares, the short-interest ratio is presently 1.5 days. Currently, 6.5% of the shares of the company are short sold.

Several analysts have recently commented on the stock. Analysts at Benchmark Co. initiated coverage on shares of NXT-ID in a research note on Thursday, October 9th. They set a “buy” rating and a $6.00 price target on the stock. Analysts at Northland Securities initiated coverage on shares of NXT-ID in a research note on Tuesday, September 30th. They set an “outperform” rating and a $6.00 price target on the stock.

NXT-ID (NASDAQ:NXTD) opened at 2.31 on Monday. NXT-ID has a 52-week low of $1.36 and a 52-week high of $5.90. The stock’s 50-day moving average is $2.63 and its 200-day moving average is $3.42. The company’s market cap is $55.8 million.

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