NextTrip, Inc. (NASDAQ:NTRP) Short Interest Update

NextTrip, Inc. (NASDAQ:NTRP) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 7,388 shares, a drop of 74.1% from the January 15th total of 28,526 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 48,281 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 48,281 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On NextTrip

A hedge fund recently raised its stake in NextTrip stock. Geode Capital Management LLC boosted its position in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of NextTrip worth $129,000 at the end of the most recent reporting period. 3.81% of the stock is owned by hedge funds and other institutional investors.

NextTrip Price Performance

NASDAQ NTRP opened at $3.07 on Friday. The company has a market cap of $41.97 million, a PE ratio of -2.15 and a beta of 1.44. The firm’s 50 day moving average price is $3.41 and its 200-day moving average price is $3.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. NextTrip has a 52-week low of $1.50 and a 52-week high of $6.70.

NextTrip (NASDAQ:NTRP) last posted its earnings results 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%. Sell-side analysts forecast that NextTrip will post -0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.