NextTrip, Inc. (NASDAQ:NTRP) Shares Shorted: Short Interest Up 92.9% in September

NextTrip, Inc. (NASDAQ:NTRP) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 227,943 shares, an increase of 92.9% from the September 15th total of 118,173 shares. Based on an average daily volume of 99,845 shares, the short-interest ratio is currently 2.3 days. Approximately 2.5% of the company’s stock are short sold.

NextTrip Stock Down 6.6%

NTRP traded down $0.12 on Wednesday, hitting $1.71. The company had a trading volume of 56,562 shares, compared to its average volume of 106,384. The stock has a market capitalization of $25.80 million, a price-to-earnings ratio of -1.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a fifty day moving average price of $1.63 and a 200-day moving average price of $2.11. NextTrip has a 12-month low of $0.90 and a 12-month high of $5.20.

NextTrip (NASDAQ:NTRP) last released its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. Analysts predict that NextTrip will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTRP. Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a report on Tuesday, September 1st. Ascendiant Capital Markets increased their target price on NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.75.

Insider Activity

In other NextTrip news, Director Andrew Kaplan acquired 52,910 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average cost of $1.89 per share, with a total value of $99,999.90. Following the completion of the acquisition, the director directly owned 104,492 shares in the company, valued at $197,489.88. This represents a 102.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 40.00% of the company’s stock.

NextTrip Company Profile

NextTrip, Inc is a travel technology company that provides online booking services for leisure and business travelers. Through its digital platform, the company helps customers search for and reserve accommodations, flights, rental cars, vacation packages and other travel-related services.

In addition to individual travel bookings, NextTrip offers services for group travel, meetings and events. Its business model combines direct-to-consumer offerings with relationships involving travel suppliers and distribution partners, allowing customers to organize multiple components of a trip through a single platform.

NextTrip primarily serves travelers in the United States through its online channels and the NextTrip brand.