NextTrip, Inc. (NASDAQ:NTRP) Sees Large Decline in Short Interest

NextTrip, Inc. (NASDAQ:NTRP) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 28,526 shares, a decline of 68.0% from the December 31st total of 89,168 shares. Based on an average daily volume of 97,486 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 97,486 shares, the short-interest ratio is presently 0.3 days.

NextTrip Stock Performance

NTRP traded down $0.08 during trading hours on Friday, hitting $3.02. The company’s stock had a trading volume of 28,419 shares, compared to its average volume of 72,456. The company has a 50-day simple moving average of $3.54 and a 200 day simple moving average of $3.73. 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 firm has a market capitalization of $41.28 million, a PE ratio of -2.11 and a beta of 1.42. NextTrip has a fifty-two week low of $1.50 and a fifty-two week high of $7.14.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The business had revenue of $1.20 million for the quarter, compared to analyst estimates of $2.52 million. NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. As a group, sell-side analysts expect that NextTrip will post -0.78 EPS for the current year.

Insider Buying and Selling at NextTrip

In other NextTrip news, Director Andrew Jay Kaplan bought 33,400 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $3.00 per share, with a total value of $100,200.00. Following the completion of the acquisition, the director owned 108,400 shares of the company’s stock, valued at approximately $325,200. This trade represents a 44.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NextTrip stock. Kera Capital Partners Inc. bought a new position in NextTrip, Inc. (NASDAQ:NTRP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned 0.12% of NextTrip at the end of the most recent reporting period. 3.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.00.

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.