NextTrip, Inc. (NASDAQ:NTRP) Short Interest Update
by Michael Walen · The Markets DailyNextTrip, Inc. (NASDAQ:NTRP – Get Free Report) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 7,388 shares, a drop of 74.1% from the January 15th total of 28,526 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 48,281 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 48,281 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NextTrip currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on NextTrip
NextTrip Trading Down 2.5%
NTRP stock traded down $0.08 during midday trading on Thursday, hitting $3.07. 28,230 shares of the company’s stock were exchanged, compared to its average volume of 63,129. The business has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $3.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $41.97 million, a PE ratio of -2.15 and a beta of 1.44. NextTrip has a 1-year low of $1.50 and a 1-year high of $6.70.
NextTrip (NASDAQ:NTRP – Get Free Report) last announced its earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative return on equity of 230.71% and a negative net margin of 698.51%. On average, sell-side analysts predict that NextTrip will post -0.78 EPS for the current fiscal year.
Institutional Investors Weigh In On NextTrip
An institutional investor recently bought a new position in NextTrip stock. Kera Capital Partners Inc. bought a new stake in NextTrip, Inc. (NASDAQ:NTRP – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned approximately 0.12% of NextTrip as of its most recent SEC filing. 3.81% of the stock is owned by hedge funds and other institutional investors.
About NextTrip
NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.