Nayax Ltd. (NASDAQ:NYAX) Short Interest Update

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

Nayax Stock Down 0.6 %

Shares of NYAX stock traded down $0.15 during trading hours on Monday, reaching $25.50. 595 shares of the stock were exchanged, compared to its average volume of 8,099. The firm has a market capitalization of $837.60 million, a P/E ratio of -55.76 and a beta of 0.03. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 1.17. The business’s fifty day moving average is $23.79 and its two-hundred day moving average is $24.56.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Nayax

Hedge funds have recently modified their holdings of the business. Hood River Capital Management LLC acquired a new stake in shares of Nayax during the first quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after purchasing an additional 1,099 shares during the period. Ingalls & Snyder LLC acquired a new stake in shares of Nayax during the second quarter worth $229,000. Altshuler Shaham Ltd acquired a new stake in shares of Nayax during the second quarter worth $1,010,000. Finally, Baillie Gifford & Co. acquired a new stake in shares of Nayax during the first quarter worth $1,302,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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.