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

Nextech3D.AI Co. (OTCMKTS:NEXCF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 30,400 shares, an increase of 31.6% from the August 31st total of 23,100 shares. Based on an average trading volume of 265,800 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their target price on Nextech3D.AI from $0.50 to $0.25 and set a “buy” rating for the company in a report on Wednesday, September 18th.

Nextech3D.AI Stock Up 12.8 %

Shares of Nextech3D.AI stock traded up $0.01 on Friday, hitting $0.06. The stock had a trading volume of 131,476 shares, compared to its average volume of 200,351. The stock’s 50-day simple moving average is $0.07 and its two-hundred day simple moving average is $0.09. Nextech3D.AI has a one year low of $0.05 and a one year high of $0.23.

Nextech3D.AI (OTCMKTS:NEXCF) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $0.81 million during the quarter, compared to the consensus estimate of $0.87 million. Nextech3D.AI had a negative net margin of 388.76% and a negative return on equity of 7,225.80%. Equities research analysts forecast that Nextech3D.AI will post -0.06 EPS for the current year.

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.