Newsmax Inc. (NYSE:NMAX) Short Interest Update

Newsmax Inc. (NYSE:NMAX) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,950,000 shares, an increase of 61.2% from the August 31st total of 1,210,000 shares. Based on an average daily trading volume, of 860,300 shares, the short-interest ratio is presently 2.3 days. Approximately 3.0% of the company’s stock are short sold. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 860,300 shares, the short-interest ratio is presently 2.3 days.

Newsmax Trading Down 2.9%

NYSE:NMAX opened at $12.66 on Wednesday. Newsmax has a twelve month low of $11.40 and a twelve month high of $265.00. The stock’s 50 day moving average is $13.07.

Newsmax (NYSE:NMAX) last released its earnings results on Tuesday, August 19th. The company reported ($0.59) earnings per share for the quarter. The business had revenue of $46.44 million for the quarter. Newsmax has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newsmax in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of Newsmax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Maxim Group assumed coverage on shares of Newsmax in a research report on Thursday, July 24th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised shares of Newsmax to a “hold” rating in a research report on Friday, August 22nd. Finally, Noble Financial assumed coverage on shares of Newsmax in a research report on Thursday, August 21st. They set an “outperform” rating and a $23.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Newsmax presently has a consensus rating of “Hold” and a consensus price target of $21.50.

Institutional Trading of Newsmax

Institutional investors and hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management acquired a new stake in Newsmax during the 2nd quarter valued at approximately $25,000. West Oak Capital LLC acquired a new stake in Newsmax during the 2nd quarter valued at approximately $30,000. SOA Wealth Advisors LLC. acquired a new stake in Newsmax during the 2nd quarter valued at approximately $32,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Newsmax during the 2nd quarter valued at approximately $32,000. Finally, Osterweis Capital Management Inc. acquired a new stake in Newsmax during the 2nd quarter valued at approximately $32,000.

Newsmax Company Profile

Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).