NextTrip, Inc. (NASDAQ:NTRP) Short Interest Update

NextTrip, Inc. (NASDAQ:NTRP) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 20,990 shares, a growth of 184.1% from the January 29th total of 7,388 shares. Based on an average daily volume of 38,382 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 38,382 shares, the short-interest ratio is currently 0.5 days.

NextTrip Stock Performance

Shares of NASDAQ:NTRP traded down $0.06 during trading on Friday, hitting $2.87. The company’s stock had a trading volume of 9,946 shares, compared to its average volume of 31,668. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $39.23 million, a price-to-earnings ratio of -2.01 and a beta of 1.44. The company has a 50-day moving average of $3.24 and a 200-day moving average of $3.60. NextTrip has a 12 month low of $1.50 and a 12 month high of $6.48.

NextTrip (NASDAQ:NTRP) last announced its earnings results on Wednesday, January 14th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. On average, sell-side analysts expect that NextTrip will post -0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kera Capital Partners Inc. bought a new stake in shares of NextTrip during the 3rd quarter valued at $33,000. Geode Capital Management LLC grew its position in shares of NextTrip by 21.6% during the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after purchasing an additional 7,086 shares in the last quarter. Finally, Armistice Capital LLC bought a new stake in NextTrip during the 4th quarter valued at approximately $3,230,000. Institutional investors own 3.81% of the company’s stock.

NextTrip Company Profile

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.