Short Interest in Nyxoah S.A. (NASDAQ:NYXH) Drops By 17.7%

Nyxoah S.A. (NASDAQ:NYXH – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 203,600 shares, a decline of 17.7% from the April 15th total of 247,400 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 42,800 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their target price on shares of Nyxoah from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 23rd.

Nyxoah Stock Performance

Shares of NYXH opened at $7.95 on Monday. The firm has a 50-day moving average price of $7.54 and a 200 day moving average price of $6.17. The firm has a market capitalization of $198.30 million, a PE ratio of -6.31 and a beta of 1.42. The company has a quick ratio of 6.66, a current ratio of 6.72 and a debt-to-equity ratio of 0.09. Nyxoah has a 52-week low of $4.36 and a 52-week high of $14.80.

Nyxoah (NASDAQ:NYXH – Get Rating) last announced its earnings results on Wednesday, March 22nd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.24). Nyxoah had a negative net margin of 1,004.67% and a negative return on equity of 23.03%. The company had revenue of $1.34 million during the quarter, compared to the consensus estimate of $2.91 million. On average, sell-side analysts anticipate that Nyxoah will post -1.44 earnings per share for the current fiscal year.

Institutional Trading of Nyxoah

A number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC acquired a new position in Nyxoah in the fourth quarter worth approximately $51,000. ExodusPoint Capital Management LP acquired a new position in Nyxoah during the first quarter valued at approximately $97,000. Sei Investments Co. acquired a new position in Nyxoah during the second quarter valued at approximately $265,000. AXA S.A. grew its holdings in Nyxoah by 7.4% during the third quarter. AXA S.A. now owns 200,000 shares of the company’s stock valued at $1,260,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in Nyxoah during the first quarter valued at approximately $8,177,000. 11.47% of the stock is owned by hedge funds and other institutional investors.

Nyxoah Company Profile

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Nyxoah SA, a medical technology company, focuses on the development and commercialization of solutions to treat sleep disordered breathing conditions. It offers Genio system, a CE-Marked, patient-centric, and hypoglossal neurostimulation therapy to treat moderate to severe obstructive sleep apnea. The company was incorporated in 2009 and is headquartered in Mont-Saint-Guibert, Belgium.