Short-term stake in Nyxoah SA (NASDAQ:NYXH) decreases by 20.0%

Nyxoah SA (NASDAQ:NYXH – Get Rating) benefited from a significant decline in short-term interest in October. As of October 15, there was short interest totaling 400 shares, down 20.0% from the total of 500 shares as of September 30. Based on an average trading volume of 3,500 shares, the day-to-cover ratio is currently 0.1 day.

Nyxoah Institutional Trade

Several institutional investors have recently changed their stock portfolios. Optiver Holding BV acquired a new stake in Nyxoah during the 2nd quarter for a value of $35,000. Banque Cantonale Vaudoise increased its stake in Nyxoah shares by 150.0% in the third quarter. Banque Cantonale Vaudoise now owns 30,000 shares of the company valued at $194,000 after buying an additional 18,000 shares in the last quarter. Sei Investments Co. acquired a new equity stake in Nyxoah in Q2 valued at approximately $265,000. DekaBank Deutsche Girozentrale bought a new position in Nyxoah during Q2 worth around $353,000. Finally, Invesco Ltd. bought a new position in Nyxoah during Q1 worth approximately $8,177,000. Hedge funds and other institutional investors hold 12.07% of the company’s shares.

Analyst upgrades and downgrades

Separately, Piper Sandler cut her price target on Nyxoah shares from $30.00 to $20.00 and set an “overweight” rating for the company in a Tuesday, Aug. 9 research note.

Nyxoah Price Performance

The NASDAQ NYXH traded down $0.13 during Friday’s session, hitting $6.03. 303 shares of the company were traded, against an average volume of 5,447. The company has a 50-day moving average price of $6.99 and a two-hundred-day moving average price of $10.57. Nyxoah has a 1-year low of $5.36 and a 1-year high of $29.28. The company has a quick ratio of 7.21, a current ratio of 7.24 and a leverage ratio of 0.08.

Nyxoah (NASDAQ:NYXH – Get Rating) last released its results on Monday August 8th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.11. The company posted revenue of $1.00 million for the quarter, versus analyst estimates of $1.04 million. Sell-side analysts expect Nyxoah to post -1.13 EPS for the current fiscal year.

Nyxoah Company Profile

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Nyxoah SA, a medical technology company, is focused on developing and commercializing solutions to treat sleep-disordered breathing. It offers the Genio System, a hypoglossal, patient-centered, CE-marked neurostimulation therapy to treat moderate to severe obstructive sleep apnea. The company was incorporated in 2009 and is headquartered in Mont-Saint-Guibert, Belgium.

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