NextPlat Corp. (NASDAQ:NXPL) Stock Short Interest Report for October

NextPlat Corp. (NASDAQ:NXPL) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 5,570 shares, a growth of 88.6% from the September 30th total of 2,954 shares. Based on an average daily volume of 8,964 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

NextPlat Stock Performance

NextPlat stock traded up $0.19 during midday trading on Monday, hitting $8.30. 31,841 shares of the company’s stock were exchanged, compared to its average volume of 60,262. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.92 and a current ratio of 2.29. The stock has a market cap of $22.49 million, a price-to-earnings ratio of -2.26 and a beta of 1.95. NextPlat has a 12-month low of $3.38 and a 12-month high of $9.94. The firm’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $6.83.

NextPlat (NASDAQ:NXPL) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. The firm had revenue of $11.88 million for the quarter, compared to analyst estimates of $11.00 million. NextPlat had a negative return on equity of 54.66% and a negative net margin of 20.38%. Equities research analysts predict that NextPlat will post -0.85 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on NXPL shares. Wall Street Zen raised NextPlat to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextPlat in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

About NextPlat

NextPlat Corp. (NASDAQ: NXPL) is a technology-focused company operating in the e-commerce and healthcare sectors. The company develops and manages online commerce businesses, including the sale of consumer products through major digital marketplaces and direct-to-consumer channels.

Through its e-commerce operations, NextPlat provides online retail, marketplace management, and related digital commerce services designed to help brands market and distribute products across platforms such as Amazon, Walmart, eBay, and Shopify.