Short Interest in NextTrip, Inc. (NASDAQ:NTRP) Decreases By 60.9%

NextTrip, Inc. (NASDAQ:NTRP) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 8,202 shares, a decrease of 60.9% from the February 12th total of 20,990 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 21,753 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 21,753 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On NextTrip

Several hedge funds have recently bought and sold shares of NTRP. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 7,086 shares during the period. Kera Capital Partners Inc. bought a new position in shares of NextTrip during the third quarter worth approximately $33,000. Finally, Armistice Capital LLC bought a new position in shares of NextTrip during the fourth quarter worth approximately $3,230,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

NextTrip Trading Up 4.9%

NTRP stock opened at $3.00 on Wednesday. NextTrip has a one year low of $1.50 and a one year high of $6.48. The stock has a market cap of $41.00 million, a price-to-earnings ratio of -2.10 and a beta of 1.45. The company has a fifty day moving average price of $3.14 and a two-hundred day moving average price of $3.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.85.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings data on Wednesday, January 14th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. Equities analysts anticipate that NextTrip will post -0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTRP. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. Ascendiant Capital Markets started coverage on NextTrip in a research note on Monday, March 2nd. They issued a “buy” rating and a $7.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

About NextTrip

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.