NextPlat Corp. (NASDAQ:NXPL) Stock Short Interest Report for October

NextPlat Corp. (NASDAQ:NXPL) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,570 shares, a growth of 88.6% from the September 30th total of 2,954 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 8,964 shares, the days-to-cover ratio is presently 0.6 days.

NextPlat Price Performance

NXPL opened at $8.11 on Friday. The company has a market capitalization of $21.98 million, a price-to-earnings ratio of -2.21 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.29 and a quick ratio of 1.92. The firm’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $6.83. NextPlat has a 1 year low of $3.38 and a 1 year high of $10.80.

NextPlat (NASDAQ:NXPL) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.16. The business had revenue of $11.88 million for the quarter, compared to analyst estimates of $11.00 million. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%. As a group, analysts anticipate that NextPlat will post -0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NXPL has been the topic of several research reports. Wall Street Zen raised shares of NextPlat to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of NextPlat in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

About NextPlat

NextPlat Corp. (NASDAQ: NXPL) is a technology-focused company operating in the e-commerce and healthcare sectors. The company develops and manages online commerce businesses, including the sale of consumer products through major digital marketplaces and direct-to-consumer channels.

Through its e-commerce operations, NextPlat provides online retail, marketplace management, and related digital commerce services designed to help brands market and distribute products across platforms such as Amazon, Walmart, eBay, and Shopify.