Short Interest in NextTrip, Inc. (NASDAQ:NTRP) Decreases By 68.0%

NextTrip, Inc. (NASDAQ:NTRP) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 28,526 shares, a decrease of 68.0% from the December 31st total of 89,168 shares. Based on an average daily volume of 97,486 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 97,486 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $5.00.

NextTrip Trading Down 1.6%

Shares of NextTrip stock traded down $0.05 on Thursday, reaching $3.10. 64,143 shares of the company were exchanged, compared to its average volume of 69,220. NextTrip has a fifty-two week low of $1.50 and a fifty-two week high of $7.14. The firm has a market capitalization of $42.38 million, a price-to-earnings ratio of -2.17 and a beta of 1.42. 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 stock has a fifty day moving average price of $3.55 and a 200-day moving average price of $3.73.

NextTrip (NASDAQ:NTRP) last released its quarterly 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). The company had revenue of $1.20 million during the quarter, compared to analyst estimates of $2.52 million. NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. On average, analysts expect that NextTrip will post -0.78 EPS for the current year.

Insider Activity at NextTrip

In related news, Director Andrew Jay Kaplan acquired 33,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $100,200.00. Following the completion of the purchase, the director directly owned 108,400 shares in the company, valued at $325,200. This trade represents a 44.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 44.50% of the company’s stock.

Institutional Investors Weigh In On NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Kera Capital Partners Inc. acquired a new position in shares of NextTrip, Inc. (NASDAQ:NTRP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned approximately 0.12% of NextTrip as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.81% of the company’s stock.

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.