Nextech3D.AI Co. (OTCMKTS:NEXCF) Short Interest Down 74.9% in February

Nextech3D.AI Co. (OTCMKTS:NEXCF) was the recipient of a significant decline in short interest in 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 trading volume, of 529,000 shares, the days-to-cover ratio is currently 0.1 days.

Nextech3D.AI Stock Performance

OTCMKTS:NEXCF opened at $0.04 on Friday. Nextech3D.AI has a 1 year low of $0.02 and a 1 year high of $0.23. The stock’s fifty day moving average price is $0.04 and its two-hundred day moving average price is $0.05.

Nextech3D.AI (OTCMKTS:NEXCF) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $0.21 million for 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%. On average, analysts expect that Nextech3D.AI will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Nextech3D.AI Company Profile

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.