What's Going On With Nebius Stock Tuesday?

Nebius Group N.V. (NASDAQ:NBIS) slipped Tuesday as investors took profits following the AI infrastructure company’s blistering rally earlier this month, even as broader markets moved higher.

The Nasdaq is up 1.43% while the S&P 500 has gained 0.45%.

Analysts Raise Forecasts As Coverage Expands

The pullback comes alongside a wave of fresh Wall Street commentary. DA Davidson recently initiated coverage on Nebius with a Neutral rating and set a $250 price forecast. The firm praised the company’s execution and capital discipline but said the neutral stance reflects the view that Nebius’ recent sharp rally has already priced in much of the near-term upside potential.

Other Wall Street institutions recently updated their outlooks on the AI cloud provider. On May 15, Citigroup maintained a buy rating and raised its price forecast to $287. This followed a move by Morgan Stanley on May 14, which kept an equal-weight rating while raising its price forecast to $144.

Analyzing Short Interest

According to the latest data, short interest in Nebius Group decreased during the last reporting period, falling from 43.63 million to 43.14 million shares. This positions 20.19% of the company’s publicly available shares short.

Based on the recent average volume of 14 million shares traded per day, it would take 3.08 days for short sellers to close out their positions.

Critical Levels To Watch for NBIS Stock

The longer-term trend is still firmly bullish: NBIS is trading 12.9% above its 20-day SMA ($186.34) and 90.7% above its 200-day SMA ($110.34), which is the kind of separation you typically see in momentum leaders.

The 20-day SMA remains above the 50-day SMA ($153.03), and the 50-day SMA is above the 200-day SMA—both classic trend is intact signals.

NBIS Stock Price Activity: Nebius Group shares were down 2.15% at $210.15 at the time of publication on Tuesday, according to Benzinga Pro data.

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