Nxt-ID, Inc. (NASDAQ:NXTD) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 2,780,000 shares, an increase of 20.9% from the March 31st total of 2,300,000 shares. Based on an average daily volume of 13,430,000 shares, the days-to-cover ratio is presently 0.2 days.
NXTD stock traded down $0.01 during midday trading on Tuesday, reaching $0.88. The company had a trading volume of 26,744 shares, compared to its average volume of 13,097,851. The stock has a 50 day moving average price of $1.21 and a 200-day moving average price of $1.11. Nxt-ID has a 1-year low of $0.29 and a 1-year high of $3.44. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 1.15.
A number of hedge funds have recently bought and sold shares of NXTD. Barclays PLC acquired a new position in Nxt-ID in the fourth quarter valued at about $40,000. Commonwealth Equity Services LLC bought a new position in Nxt-ID in the first quarter valued at about $49,000. Finally, Jane Street Group LLC bought a new position in Nxt-ID in the fourth quarter valued at about $129,000. 4.03% of the stock is owned by institutional investors and hedge funds.
Nxt-ID, Inc provides technology products and services for healthcare applications. It develops and markets solutions for payment, Internet of Things (IoT), and healthcare applications with experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization, and sensor technologies.
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