Network International Holdings plc (OTCMKTS:NWITY) was the target of a significant increase in short interest during the month of May. As of May 14th, there was short interest totalling 67,600 shares, an increase of 168.3% from the April 29th total of 25,200 shares. Based on an average trading volume of 32,100 shares, the short-interest ratio is currently 2.1 days.
Shares of NWITY stock traded up $0.17 during trading on Friday, reaching $5.77. The company’s stock had a trading volume of 5,778 shares, compared to its average volume of 27,089. The stock’s 50-day moving average price is $5.86 and its 200 day moving average price is $4.99. Network International has a 1-year low of $2.54 and a 1-year high of $6.65.
Separately, Barclays cut shares of Network International from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 16th.
Network International Company Profile
Network International Holdings plc operates as a digital commerce enabler in the Middle East and Africa. The company provides technology-enabled payment solutions to merchants and financial institutions. It offers merchant solutions comprise direct acquiring services that enable merchants to accept digital payments; acquirer processing services for bank customers on behalf of their merchants; payment acceptance solutions; merchant loyalty programs and management; and value-added services, including customer data analytics, dynamic currency conversion, and payment plans.
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