NextTrip, Inc. (NASDAQ:NTRP) Short Interest Up 131.5% in March

NextTrip, Inc. (NASDAQ:NTRP) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 18,987 shares, a growth of 131.5% from the February 26th total of 8,202 shares. Based on an average daily trading volume, of 68,997 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of NextTrip

Several institutional investors and hedge funds have recently modified their holdings of NTRP. Armistice Capital LLC purchased a new position in NextTrip during the 4th quarter worth $3,230,000. Geode Capital Management LLC raised its position in NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after buying an additional 7,086 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in NextTrip in the third quarter valued at about $33,000. Institutional investors own 3.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTRP. Ascendiant Capital Markets assumed coverage on NextTrip in a research report on Monday, March 2nd. They issued a “buy” rating and a $7.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NextTrip currently has an average rating of “Hold” and an average price target of $7.00.

NextTrip Trading Up 26.5%

NTRP stock traded up $0.58 during mid-day trading on Friday, reaching $2.78. 174,247 shares of the stock traded hands, compared to its average volume of 60,154. NextTrip has a one year low of $1.50 and a one year high of $6.48. The stock has a market capitalization of $38.03 million, a PE ratio of -1.89 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50-day moving average price of $2.97 and a two-hundred day moving average price of $3.46.

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

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.