NextTrip, Inc. (NASDAQ:NTRP) Short Interest Up 131.5% in March

NextTrip, Inc. (NASDAQ:NTRP) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 18,987 shares, an increase of 131.5% from the February 26th total of 8,202 shares. Based on an average daily volume of 68,997 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On NextTrip

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of NextTrip by 21.6% in the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock valued at $129,000 after purchasing an additional 7,086 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of NextTrip during the third quarter worth about $33,000. Finally, Armistice Capital LLC acquired a new position in shares of NextTrip during the fourth quarter worth about $3,230,000. 3.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTRP has been the subject of several research reports. Ascendiant Capital Markets assumed coverage on NextTrip in a report on Monday, March 2nd. They set a “buy” rating and a $7.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.00.

NextTrip Stock Up 1.9%

Shares of NASDAQ NTRP opened at $2.43 on Thursday. The business has a fifty day moving average of $2.98 and a two-hundred day moving average of $3.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. NextTrip has a 52-week low of $1.50 and a 52-week high of $6.48. The stock has a market cap of $33.14 million, a PE ratio of -1.69 and a beta of 1.45.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts expect that NextTrip will post -0.78 earnings per share for the current fiscal year.

NextTrip Company Profile

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.