NextTrip, Inc. (NASDAQ:NTRP) Short Interest Up 583.6% in March

NextTrip, Inc. (NASDAQ:NTRP) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 129,800 shares, an increase of 583.6% from the March 15th total of 18,987 shares. Based on an average trading volume of 128,847 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NTRP shares. Ascendiant Capital Markets started coverage on shares of NextTrip in a research note on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a research note on Friday, March 27th. Finally, Zacks Research raised shares of NextTrip to a “hold” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NextTrip presently has an average rating of “Hold” and an average target price of $7.00.

NextTrip Trading Down 6.0%

NTRP traded down $0.19 on Friday, reaching $2.96. 81,595 shares of the company’s stock were exchanged, compared to its average volume of 119,857. The company’s 50 day moving average is $2.98 and its 200-day moving average is $3.42. The company has a market cap of $40.46 million, a price-to-earnings ratio of -2.07 and a beta of 1.32. NextTrip has a twelve month low of $1.50 and a twelve month high of $5.20. 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 (NASDAQ:NTRP) last released its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). NextTrip had a negative return on equity of 230.71% and a negative net margin of 698.51%. Equities analysts predict that NextTrip will post -0.78 earnings per share for the current year.

Institutional Trading of NextTrip

Hedge funds have recently made changes to their positions in the stock. Kera Capital Partners Inc. acquired a new stake in shares of NextTrip during the third quarter worth approximately $33,000. Geode Capital Management LLC grew its position in shares of NextTrip by 21.6% during the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after buying an additional 7,086 shares in the last quarter. Finally, Armistice Capital LLC acquired a new stake in shares of NextTrip during the fourth quarter worth approximately $3,230,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

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.