NextPlat Corp. (NASDAQ:NXPL) Sees Significant Drop in Short Interest

NextPlat Corp. (NASDAQ:NXPL) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 146,349 shares, a decline of 26.5% from the December 15th total of 199,110 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 168,401 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 168,401 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the company’s shares are sold short.

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 data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On NextPlat

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

NextPlat Trading Up 1.3%

NextPlat stock traded up $0.01 during mid-day trading on Friday, hitting $0.73. The company’s stock had a trading volume of 30,287 shares, compared to its average volume of 129,326. 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 company has a 50 day moving average of $0.63 and a 200-day moving average of $0.73. NextPlat has a one year low of $0.43 and a one year high of $1.35. The stock has a market cap of $19.20 million, a PE ratio of -2.43 and a beta of 1.15.

NextPlat (NASDAQ:NXPL) last issued its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $13.75 million for the quarter. NextPlat had a negative net margin of 14.58% and a negative return on equity of 34.22%.

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.