Short Interest in NextTrip, Inc. (NASDAQ:NTRP) Increases By 150.0%

by · The Markets Daily

NextTrip, Inc. (NASDAQ:NTRP – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 89,067 shares, a growth of 150.0% from the July 30th total of 35,633 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 52,347 shares, the short-interest ratio is currently 1.7 days.

Analyst Ratings Changes

Several research firms have weighed in on NTRP. Weiss Ratings lowered NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Ascendiant Capital Markets raised their price target on shares of NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Get Our Latest Research Report on NextTrip

Insider Activity

In related news, Director David T. Jiang purchased 18,200 shares of NextTrip stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $2.75 per share, with a total value of $50,050.00. Following the completion of the transaction, the director directly owned 1,582,157 shares of the company’s stock, valued at $4,350,931.75. This trade represents a 1.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NextTrip stock. Armistice Capital LLC acquired a new stake in shares of NextTrip, Inc. (NASDAQ:NTRP – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned approximately 7.32% of NextTrip at the end of the most recent quarter. 3.81% of the stock is owned by institutional investors.

NextTrip Stock Performance

NTRP stock traded up $0.20 during midday trading on Friday, hitting $1.57. The stock had a trading volume of 301,724 shares, compared to its average volume of 86,010. NextTrip has a 52 week low of $0.90 and a 52 week high of $5.20. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $2.38. The firm has a market capitalization of $23.69 million, a price-to-earnings ratio of -1.11 and a beta of 1.05.

NextTrip (NASDAQ:NTRP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.22). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. As a group, equities research analysts anticipate that NextTrip will post -0.98 earnings per share for the current year.

About NextTrip

(Get Free Report)

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.

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