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

Nextech3D.AI Co. (OTCMKTS:NEXCF) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 60,000 shares, a decline of 74.9% from the January 31st total of 239,400 shares. Based on an average daily volume of 529,000 shares, the days-to-cover ratio is presently 0.1 days.

Nextech3D.AI Stock Down 3.3 %

Nextech3D.AI stock traded down $0.00 during mid-day trading on Friday, reaching $0.04. 71,903 shares of the company were exchanged, compared to its average volume of 402,136. Nextech3D.AI has a 12-month low of $0.02 and a 12-month high of $0.23. The business has a fifty day moving average of $0.04 and a 200 day moving average of $0.05.

Nextech3D.AI (OTCMKTS:NEXCF) last released its earnings results on Friday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Nextech3D.AI had a negative return on equity of 7,225.80% and a negative net margin of 336.36%. The firm had revenue of $0.21 million for the quarter, compared to the consensus estimate of $1.02 million. On average, analysts forecast that Nextech3D.AI will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $0.25 price objective on shares of Nextech3D.AI in a research note on Wednesday, December 4th.

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.