NextTrip, Inc. (NASDAQ:NTRP) Short Interest Down 37.6% in December

by · The Cerbat Gem

NextTrip, Inc. (NASDAQ:NTRP – Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 89,168 shares, a decrease of 37.6% from the December 15th total of 142,808 shares. Based on an average daily volume of 65,775 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 65,775 shares, the days-to-cover ratio is currently 1.4 days.

NextTrip Stock Up 15.0%

Shares of NTRP traded up $0.43 during trading hours on Friday, hitting $3.30. The company had a trading volume of 120,979 shares, compared to its average volume of 76,354. NextTrip has a 52-week low of $1.50 and a 52-week high of $7.78. The firm has a fifty day moving average price of $3.71 and a 200-day moving average price of $3.77. The stock has a market capitalization of $45.11 million, a price-to-earnings ratio of -2.34 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 0.85.

NextTrip (NASDAQ:NTRP – Get Free Report) last issued its earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (EPS) 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%.The firm had revenue of $1.20 million during the quarter, compared to the consensus estimate of $2.52 million. On average, equities research analysts forecast that NextTrip will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.00.

Check Out Our Latest Analysis on NTRP

Insider Activity at NextTrip

In related news, Director Andrew Jay Kaplan bought 33,400 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $3.00 per share, with a total value of $100,200.00. Following the purchase, the director owned 108,400 shares of the company’s stock, valued at approximately $325,200. This trade represents a 44.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 44.50% of the company’s stock.

Institutional Trading of NextTrip

An institutional investor recently bought a new position in NextTrip stock. Kera Capital Partners Inc. purchased a new stake in shares of NextTrip, Inc. (NASDAQ:NTRP – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned approximately 0.12% of NextTrip at the end of the most recent reporting period. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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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