NextPlat Corp. (NASDAQ:NXPL) Short Interest Down 36.1% in June

NextPlat Corp. (NASDAQ:NXPL) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,645 shares, a drop of 36.1% from the June 15th total of 11,956 shares. Based on an average trading volume of 40,854 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NXPL shares. Weiss Ratings raised NextPlat from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Litchfield Hills Research started coverage on NextPlat in a report on Wednesday, June 24th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Zacks Research raised NextPlat to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.00.

NextPlat Price Performance

NXPL stock opened at $5.81 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.56 and a quick ratio of 2.12. The company’s 50-day moving average is $6.51 and its 200-day moving average is $5.98. The stock has a market capitalization of $15.75 million, a PE ratio of -1.34 and a beta of 1.87. NextPlat has a 1 year low of $3.38 and a 1 year high of $11.10.

NextPlat (NASDAQ:NXPL) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.42) earnings per share for the quarter. The firm had revenue of $9.86 million for the quarter. NextPlat had a negative return on equity of 58.05% and a negative net margin of 23.14%. Equities research analysts expect that NextPlat will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On NextPlat

An institutional investor recently bought a new stake in NextPlat stock. Citadel Advisors LLC bought a new position in NextPlat Corp. (NASDAQ:NXPL) during the third quarter, according to its most recent filing with the SEC. The firm bought 48,176 shares of the company’s stock, valued at approximately $40,000. Citadel Advisors LLC owned approximately 0.19% of NextPlat as of its most recent SEC filing. Institutional investors and hedge funds own 1.30% of the company’s stock.

NextPlat Company Profile

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. The company operates full-service retail specialty services pharmacies that provides prescription pharmaceuticals prescription pharmaceuticals, third-party administration, risk and data management services, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, contracted pharmacy services, and health practice risk management to healthcare organizations and providers, as well as supplies prescription medications to long-term care facilities.