NextTrip, Inc. (NASDAQ:NTRP) Sees Large Increase in Short Interest

NextTrip, Inc. (NASDAQ:NTRP) was the target of a significant growth in short interest in 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. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 38,382 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 38,382 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On NextTrip

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTRP. Kera Capital Partners Inc. purchased a new position in shares of NextTrip in the 3rd quarter worth approximately $33,000. Geode Capital Management LLC boosted its position in NextTrip by 21.6% in 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 during the last quarter. Finally, Armistice Capital LLC purchased a new position in NextTrip in the fourth quarter worth $3,230,000. Hedge funds and other institutional investors own 3.81% of the company’s stock.

NextTrip Stock Up 1.7%

Shares of NTRP traded up $0.05 on Thursday, reaching $2.95. The company’s stock had a trading volume of 2,401 shares, compared to its average volume of 54,318. NextTrip has a twelve month low of $1.50 and a twelve month high of $6.48. The stock has a market capitalization of $40.33 million, a PE ratio of -2.06 and a beta of 1.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $3.28 and a 200-day moving average of $3.61.

NextTrip (NASDAQ:NTRP) last announced its earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (EPS) 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 predict that NextTrip will post -0.78 EPS 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.