Nextech3D.AI Co. (OTCMKTS:NEXCF) Sees Significant Growth in Short Interest

Nextech3D.AI Co. (OTCMKTS:NEXCF) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 148,100 shares, an increase of 287.7% from the February 28th total of 38,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 953,900 shares, the days-to-cover ratio is presently 0.2 days.

Nextech3D.AI Stock Down 15.5 %

Shares of OTCMKTS:NEXCF opened at $0.03 on Friday. The firm has a market capitalization of $4.31 million, a PE ratio of -0.75 and a beta of 1.19. The company has a 50-day moving average price of $0.04 and a two-hundred day moving average price of $0.04. Nextech3D.AI has a twelve month low of $0.02 and a twelve month high of $0.16.

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $0.25 price target on shares of Nextech3D.AI in a research report 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.