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

NextTrip, Inc. (NASDAQ:NTRP) saw a large growth in short interest in the month of 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 sold short. Based on an average daily volume of 38,382 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 38,382 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Analyst Ratings Changes

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

NextTrip Price Performance

Shares of NTRP stock traded up $0.05 during midday trading on Thursday, reaching $2.95. 2,401 shares of the company were exchanged, compared to its average volume of 54,318. The company’s 50 day moving average price is $3.28 and its two-hundred day moving average price is $3.61. The company has a market cap of $40.33 million, a P/E ratio of -2.06 and a beta of 1.44. NextTrip has a 12 month low of $1.50 and a 12 month high of $6.48. 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 (NASDAQ:NTRP) last posted its quarterly earnings data 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%. On average, sell-side analysts expect that NextTrip will post -0.78 earnings per share for the current year.

Hedge Funds Weigh In On NextTrip

Several hedge funds have recently modified their holdings of NTRP. Geode Capital Management LLC raised its stake in shares of NextTrip by 21.6% in 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 in the last quarter. Kera Capital Partners Inc. acquired a new position in NextTrip during the third quarter worth about $33,000. Finally, Armistice Capital LLC bought a new stake in NextTrip in the fourth quarter worth about $3,230,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.