Nexxen International Ltd. (NASDAQ:NEXN) Short Interest Up 50.8% in December

Nexxen International Ltd. (NASDAQ:NEXN) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 122,900 shares, an increase of 50.8% from the November 30th total of 81,500 shares. Based on an average daily trading volume, of 153,200 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Nexxen International

A number of institutional investors have recently modified their holdings of the company. Guinness Atkinson Asset Management Inc purchased a new stake in Nexxen International during the 3rd quarter worth $31,000. Blue Trust Inc. raised its stake in shares of Nexxen International by 221.7% in the 3rd quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock valued at $46,000 after purchasing an additional 3,931 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Nexxen International in the 3rd quarter worth approximately $123,000. Marshall Wace LLP bought a new stake in Nexxen International during the second quarter valued at $136,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Nexxen International during the second quarter worth about $141,000. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC raised their price target on Nexxen International from $9.50 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.80.

Nexxen International Trading Down 0.5 %

Nexxen International stock traded down $0.05 during midday trading on Friday, reaching $9.98. The stock had a trading volume of 56,469 shares, compared to its average volume of 86,844. The stock’s 50-day simple moving average is $9.12 and its 200 day simple moving average is $7.75. Nexxen International has a twelve month low of $4.61 and a twelve month high of $10.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $658.86 million, a PE ratio of 249.50 and a beta of 1.93.

About Nexxen International

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.