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

NextTrip, Inc. (NASDAQ:NTRP) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 83,614 shares, a decrease of 35.6% from the March 31st total of 129,800 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 99,028 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Zacks Research upgraded NextTrip to a “hold” rating in a research report on Tuesday, March 17th. Ascendiant Capital Markets assumed coverage on NextTrip in a research report on Monday, March 2nd. They set a “buy” rating and a $7.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NextTrip currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Trading of NextTrip

Several institutional investors and hedge funds have recently made changes to their positions in NTRP. Kera Capital Partners Inc. bought a new stake in shares of NextTrip during the third quarter worth $33,000. Geode Capital Management LLC lifted its position in shares of NextTrip by 21.6% during the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after purchasing an additional 7,086 shares during the last quarter. Finally, Armistice Capital LLC bought a new stake in shares of NextTrip during the fourth quarter worth $3,230,000. 3.81% of the stock is currently owned by institutional investors.

NextTrip Price Performance

NTRP remained flat at $2.62 during trading on Thursday. The company had a trading volume of 37,922 shares, compared to its average volume of 83,096. The company has a market capitalization of $35.82 million, a PE ratio of -1.83 and a beta of 1.32. The business’s 50 day moving average is $2.91 and its 200 day moving average is $3.36. NextTrip has a 12 month low of $1.50 and a 12 month high of $5.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

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.