NeXt Innovation Corp (NASDAQ:GSVC) Short Interest Down 5.0% in June

NeXt Innovation Corp (NASDAQ:GSVC) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 662,300 shares, a decline of 5.0% from the May 15th total of 697,300 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 362,500 shares, the days-to-cover ratio is presently 1.8 days.

A number of research analysts have recently weighed in on GSVC shares. Zacks Investment Research downgraded HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Ascendiant Capital Markets set a $10.00 price target on NeXt Innovation and gave the company a “buy” rating in a report on Monday, June 17th.

In related news, CEO Mark D. Klein bought 30,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $6.44 per share, with a total value of $193,200.00. Following the completion of the transaction, the chief executive officer now directly owns 120,000 shares of the company’s stock, valued at $772,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark D. Klein bought 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were bought at an average cost of $6.68 per share, for a total transaction of $33,400.00. Following the completion of the transaction, the chief executive officer now directly owns 134,007 shares of the company’s stock, valued at $895,166.76. The disclosure for this purchase can be found here. Insiders own 1.04% of the company’s stock.

NASDAQ GSVC traded up $0.07 on Friday, reaching $6.66. The stock had a trading volume of 68,158 shares, compared to its average volume of 70,367. NeXt Innovation has a 1 year low of $4.99 and a 1 year high of $8.39. The firm has a 50 day simple moving average of $6.51. The company has a market capitalization of $131.62 million, a P/E ratio of -18.00 and a beta of 1.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.30 and a quick ratio of 0.30.

NeXt Innovation (NASDAQ:GSVC) last announced its quarterly earnings results on Wednesday, May 8th. The investment management company reported $0.03 earnings per share for the quarter. NeXt Innovation had a negative return on equity of 3.34% and a net margin of 697.12%. The company had revenue of $0.23 million during the quarter. On average, research analysts forecast that NeXt Innovation will post 1.02 EPS for the current year.

About NeXt Innovation

GSV Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund may also invest in select publicly-traded equity securities of companies that otherwise meet its investment criteria.

See Also: Cash Asset Ratio

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