NextPlat Corp. (NASDAQ:NXPL) Short Interest Down 15.2% in February

NextPlat Corp. (NASDAQ:NXPL) saw a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 158,290 shares, a drop of 15.2% from the January 29th total of 186,708 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 57,922 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily trading volume, of 57,922 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.1% of the shares of the company are sold short.

NextPlat Stock Performance

NASDAQ:NXPL traded down $0.01 during mid-day trading on Wednesday, reaching $0.49. 190,776 shares of the company’s stock were exchanged, compared to its average volume of 688,545. NextPlat has a one year low of $0.43 and a one year high of $1.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.56. The business’s fifty day simple moving average is $0.61 and its two-hundred day simple moving average is $0.69. The firm has a market capitalization of $12.80 million, a PE ratio of -1.62 and a beta of 1.26.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NextPlat in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Citadel Advisors LLC purchased a new position in shares of NextPlat Corp. (NASDAQ:NXPL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 48,176 shares of the company’s stock, valued at approximately $40,000. Citadel Advisors LLC owned approximately 0.19% of NextPlat as of its most recent filing with the SEC. 1.30% of the stock is owned by institutional investors.

About NextPlat

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. The company operates full-service retail specialty services pharmacies that provides prescription pharmaceuticals prescription pharmaceuticals, third-party administration, risk and data management services, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, contracted pharmacy services, and health practice risk management to healthcare organizations and providers, as well as supplies prescription medications to long-term care facilities.