NXTT fell 11.8% this week to $1.65 as short interest plunged 48% over seven days. Cost to borrow remains extreme at 274%, but utilisation dropped to just 6.4% from March's near-100% peak. The stock has no analyst coverage or institutional following.
NXTT closed at $1.65 on April 24, down 4.1% on the day. The stock fell 11.8% over the past week. Monthly performance shows a 65% gain. The stock trades within a volatile range following March's short-squeeze dynamics.
Short interest sits at 44,676 shares as of April 23. That represents 1.56% of free float. The position dropped 48% over the past week. One month ago, short interest was 167% higher at 16,734 shares.
The March spike tells the story. Short interest peaked at 624,386 shares on March 26. That was the highest level in the 30-day history. The position collapsed by 93% since then. The stock saw its most intense shorting pressure between March 25 and April 10.
Cost to borrow stands at 274%. This extreme rate reflects tight supply. CTB fell just 1.9% over the week. One month ago the rate was 124%. CTB peaked at 346% on March 27. That coincided with the short interest peak.
Utilisation dropped to 6.42%. This marks a sharp retreat from the 52-week high of 100%. Utilisation sat at 95% on March 26. The metric fell to single digits by March 24 and has remained subdued. Shares are now readily available to borrow despite the high CTB.
Days to cover sits at 1.0 according to the April 15 FINRA report. Official short interest was 130,485 shares at that settlement date. The exchange-reported figure runs higher than the daily estimate.
Enterprise value was $1.68 billion as of December 2023. That data is now 846 days old. No recent valuation multiples are available.
Factor scores show a 34th-percentile short score rank. The dividend score sits at the 32nd percentile. Sector score ranks at the 80th percentile. Days to cover ranks at the 95th percentile. Utilisation ranks at the 57th percentile.
The top holder is Synapsenet Limited with 212,498 shares. That represents 0.28% of shares outstanding. The position was unchanged at the November 20, 2025 report date.
Spectrumtech and Neuronic each hold 210,352 shares. Both added one share. Infitex and Protontech each hold 208,206 shares with minimal changes.
Bitwise Investment Manager holds 96,394 shares as of December 31, 2025. The firm added 80,039 shares. DRW Holdings added 30,343 shares in a new position.
Digiforge, Innovatrix International, and Quantumcore each added positions exceeding 90,000 shares. The institutional base remains fragmented. The top 15 holders own less than 3% combined.
NXTT reported earnings on April 22. The next event is scheduled for July 8. Prior events occurred on April 2 and March 31. Historical price reactions are not available.
The next earnings release is July 8 at 16:30 UTC. Watch whether short sellers rebuild positions as volatility subsides. The March squeeze created a 167% monthly jump in shares shorted. That unwind is now 48% complete over the past week. CTB remains at squeeze levels despite low utilisation.
See the live data behind this article on ORTEX.
Open NXTT on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
