Short Interest in Nextech3D.AI Co. (OTCMKTS:NEXCF) Declines By 82.3%

Nextech3D.AI Co. (OTCMKTS:NEXCF) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 13,100 shares, a drop of 82.3% from the October 31st total of 74,000 shares. Based on an average daily volume of 729,200 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Nextech3D.AI Price Performance

Shares of NEXCF remained flat at $0.04 during mid-day trading on Wednesday. 363,722 shares of the company’s stock were exchanged, compared to its average volume of 217,827. Nextech3D.AI has a 52 week low of $0.03 and a 52 week high of $0.23. The company’s fifty day simple moving average is $0.05 and its two-hundred day simple moving average is $0.07.

Nextech3D.AI (OTCMKTS:NEXCF) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Nextech3D.AI had a negative net margin of 388.76% and a negative return on equity of 7,225.80%. The company had revenue of $0.81 million during the quarter, compared to the consensus estimate of $0.87 million. As a group, equities research analysts anticipate that Nextech3D.AI will post -0.05 earnings per share 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.