Nextdecade Corporation (NASDAQ:NEXT) Can’t Be More Risky. Short Interest Increased

June 3, 2018 - By Michael Collier

The stock of Nextdecade Corporation (NASDAQ:NEXT) registered an increase of 3.03% in short interest. NEXT’s total short interest was 625,400 shares in June as published by FINRA. Its up 3.03% from 607,000 shares, reported previously. With 68,300 shares average volume, it will take short sellers 9 days to cover their NEXT’s short positions. The short interest to Nextdecade Corporation’s float is 13.03%.

The stock increased 2.79% or $0.19 during the last trading session, reaching $7.01. About 25,896 shares traded. NextDecade Corporation (NASDAQ:NEXT) has declined 39.47% since June 3, 2017 and is downtrending. It has underperformed by 52.04% the S&P500.

NextDecade Corporation operates as a development and management firm of land and floating LNG projects. The company has market cap of $745.85 million. The companyÂ’s focus is on a land project on the United States Gulf Coast called Rio Grande LNG in Brownsville, Texas. It currently has negative earnings. It provides various services to its customers, including supply and trade of LNG volumes; creation of new natural gas infrastructure, including pipeline and natural gas liquefaction facilities; and treatment and processing of natural gas into LNG, as well as technical engineering and design services related to the development and execution of natural gas infrastructure, transporting, shipping, and storage of LNG.

Another recent and important NextDecade Corporation (NASDAQ:NEXT) news was published by Globenewswire.com which published an article titled: “Taiwan Blockchain Startup OwlTing Announces Strategic Investment from SBI Group to Accelerate Global Expansion …” on May 09, 2018.

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