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

NextTrip, Inc. (NASDAQ:NTRP) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 118,173 shares, an increase of 84.9% from the August 31st total of 63,900 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 54,922 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

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

Insider Activity at NextTrip

In other news, Director Andrew Kaplan purchased 52,910 shares of the company’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 transaction, the director directly owned 104,492 shares of the company’s stock, valued at approximately $197,489.88. This trade represents a 102.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 40.00% of the stock is currently owned by corporate insiders.

NextTrip Price Performance

Shares of NextTrip stock traded down $0.09 on Tuesday, reaching $1.80. The stock had a trading volume of 71,588 shares, compared to its average volume of 106,893. NextTrip has a 1 year low of $0.90 and a 1 year high of $5.20. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.02. The company has a market cap of $27.16 million, a P/E ratio of -1.28 and a beta of 1.03. The business’s 50 day moving average is $1.59 and its two-hundred day moving average is $2.17.

NextTrip (NASDAQ:NTRP) last announced 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%. As a group, research analysts anticipate that NextTrip will post -0.98 EPS for the current year.

NextTrip Company Profile

NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.

NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.

The company serves customers seeking travel within the United States and to international destinations through its online offerings.