Short Interest in NextTrip, Inc. (NASDAQ:NTRP) Rises By 184.1%

NextTrip, Inc. (NASDAQ:NTRP) saw a significant growth in short interest in 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. Currently, 0.3% of the shares of the company are short sold. 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. Currently, 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

NextTrip Stock Down 2.0%

Shares of NTRP traded down $0.06 during trading hours on Friday, hitting $2.87. The company had a trading volume of 9,946 shares, compared to its average volume of 31,668. 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 company has a market capitalization of $39.23 million, a PE ratio of -2.01 and a beta of 1.44. NextTrip has a one year low of $1.50 and a one year high of $6.48. The company’s fifty day moving average price is $3.24 and its two-hundred day moving average price is $3.60.

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). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. As a group, equities analysts forecast that NextTrip will post -0.78 earnings per share for the current fiscal year.

Institutional Trading of NextTrip

A number of institutional investors have recently made changes to their positions in the business. Kera Capital Partners Inc. acquired a new position in NextTrip during the 3rd quarter valued at about $33,000. Geode Capital Management LLC boosted its holdings in NextTrip by 21.6% in the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after acquiring an additional 7,086 shares in the last quarter. Finally, Armistice Capital LLC purchased a new stake in shares of NextTrip during the fourth quarter worth about $3,230,000. Institutional investors and hedge funds 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.