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

NextTrip, Inc. (NASDAQ:NTRP) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 118,173 shares, an increase of 84.9% from the August 31st total of 63,900 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 54,922 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NTRP shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets upped their price target on shares of NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NextTrip presently has an average rating of “Hold” and a consensus price target of $7.75.

NextTrip Trading Down 4.8%

NASDAQ NTRP traded down $0.09 during trading on Tuesday, hitting $1.80. The company had a trading volume of 71,588 shares, compared to its average volume of 106,893. The company’s fifty day moving average is $1.59 and its 200-day moving average is $2.17. NextTrip has a one year low of $0.90 and a one year 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 company has a market cap of $27.16 million, a price-to-earnings ratio of -1.28 and a beta of 1.03.

NextTrip (NASDAQ:NTRP) last announced its earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share 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%. On average, sell-side analysts predict that NextTrip will post -0.98 earnings per share for the current year.

Insider Activity at NextTrip

In other news, Director Andrew Kaplan acquired 52,910 shares of NextTrip stock in a transaction dated Thursday, September 17th. The shares were purchased at an average cost of $1.89 per share, for a total transaction of $99,999.90. Following the transaction, the director owned 104,492 shares of the company’s stock, valued at $197,489.88. This trade represents a 102.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 40.00% of the company’s stock.

NextTrip Company Profile

NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.

NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.

The company serves customers seeking travel within the United States and to international destinations through its online offerings.