NextTrip, Inc. (NASDAQ:NTRP) Short Interest Up 146.5% in June

NextTrip, Inc. (NASDAQ:NTRP) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 61,230 shares, an increase of 146.5% from the May 31st total of 24,839 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 69,798 shares, the short-interest ratio is currently 0.9 days.

NextTrip Stock Up 4.4%

NextTrip stock traded up $0.09 during midday trading on Tuesday, reaching $2.14. The company’s stock had a trading volume of 34,149 shares, compared to its average volume of 68,325. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $31.01 million, a P/E ratio of -1.14 and a beta of 1.03. The stock’s 50-day simple moving average is $2.38 and its 200-day simple moving average is $2.90. NextTrip has a 52-week low of $1.80 and a 52-week high of $5.20.

Wall Street Analyst Weigh In

Several analysts have commented on NTRP shares. Weiss Ratings lowered shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of NextTrip to a “hold” rating in a research note on Tuesday, March 17th. Finally, Ascendiant Capital Markets increased their target price on shares of NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.50.

Insider Buying and Selling at NextTrip

In related news, Director David T. Jiang purchased 18,200 shares of NextTrip stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of $2.75 per share, with a total value of $50,050.00. Following the transaction, the director owned 1,582,157 shares in the company, valued at approximately $4,350,931.75. The trade was a 1.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Jay Kaplan purchased 18,182 shares of NextTrip stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $2.75 per share, with a total value of $50,000.50. Following the completion of the transaction, the director owned 51,582 shares in the company, valued at approximately $141,850.50. This represents a 54.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 44.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in NextTrip stock. Geode Capital Management LLC increased its stake in shares of NextTrip, Inc. (NASDAQ:NTRP) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,852 shares of the company’s stock after buying an additional 7,086 shares during the quarter. Geode Capital Management LLC owned about 0.29% of NextTrip worth $129,000 as of its most recent SEC filing. 3.81% of the stock is owned by institutional investors.

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.