Short Interest in NEXTDC Limited (OTCMKTS:NXDCF) Expands By 30.1%

NEXTDC Limited (OTCMKTS:NXDCF) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,470,000 shares, an increase of 30.1% from the March 15th total of 1,898,800 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 24,700.0 days.

NEXTDC Price Performance

Shares of NXDCF stock remained flat at $10.06 on Friday. The company’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $10.68. NEXTDC has a twelve month low of $10.00 and a twelve 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.