NextPlat Corp. (NASDAQ:NXPL) Sees Significant Decline in Short Interest

NextPlat Corp. (NASDAQ:NXPL) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 158,290 shares, a decrease of 15.2% from the January 29th total of 186,708 shares. Based on an average trading volume of 57,922 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 57,922 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextPlat in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

NextPlat Stock Down 2.2%

NextPlat stock traded down $0.01 during midday trading on Thursday, reaching $0.48. The company’s stock had a trading volume of 145,081 shares, compared to its average volume of 676,060. The company has a market cap of $12.53 million, a P/E ratio of -1.59 and a beta of 1.26. The company has a quick ratio of 2.80, a current ratio of 3.56 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $0.60 and a 200-day simple moving average of $0.69. NextPlat has a fifty-two week low of $0.43 and a fifty-two week high of $1.11.

Institutional Trading of NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Citadel Advisors LLC bought a new stake in NextPlat Corp. (NASDAQ:NXPL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,176 shares of the company’s stock, valued at approximately $40,000. Citadel Advisors LLC owned approximately 0.19% of NextPlat at the end of the most recent quarter. 1.30% of the stock is owned by institutional investors and hedge funds.

About NextPlat

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. The company operates full-service retail specialty services pharmacies that provides prescription pharmaceuticals prescription pharmaceuticals, third-party administration, risk and data management services, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, contracted pharmacy services, and health practice risk management to healthcare organizations and providers, as well as supplies prescription medications to long-term care facilities.