Short Interest in NEXTDC Limited (OTCMKTS:NXDCF) Increases By 17.4%

NEXTDC Limited (OTCMKTS:NXDCF) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,301,000 shares, an increase of 17.4% from the January 15th total of 1,960,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 23,010.0 days.

NEXTDC Stock Performance

OTCMKTS:NXDCF remained flat at $10.06 during midday trading on Friday. The stock has a 50 day moving average of $10.26 and a 200-day moving average of $10.40. NEXTDC has a 12 month low of $10.00 and a 12 month high of $11.75.

About NEXTDC

NEXTDC Limited develops and operates data centers in Australia. The company offers Data Centre colocation solutions, such as rackspaces, cages and suites, rack spaces, private cages, private suites, high performance computing, remote hands, and amenities; mission critical spaces; data centre migration and relocation; e-waste recycling, IT asset destruction and disposal, and carbon neutral solutions; build-to-suit and wholesale data center solutions; disaster recovery and business continuity solutions; security and compliance solutions; and edge data centers.