NextPlat Corp. (NASDAQ:NXPL) Short Interest Up 227.4% in February

NextPlat Corp. (NASDAQ:NXPL) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 518,283 shares, an increase of 227.4% from the February 12th total of 158,290 shares. Based on an average daily volume of 1,458,650 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.5% of the shares of the company are sold short. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 1,458,650 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextPlat in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

NextPlat Trading Down 4.8%

Shares of NextPlat stock traded down $0.02 during trading on Wednesday, hitting $0.45. The company’s stock had a trading volume of 46,631,510 shares, compared to its average volume of 1,620,852. The stock has a market cap of $12.24 million, a price-to-earnings ratio of -1.51 and a beta of 1.26. NextPlat has a 52 week low of $0.42 and a 52 week high of $1.11. The stock has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.56 and a quick ratio of 2.80.

Institutional Investors Weigh In On NextPlat

An institutional investor recently bought a new position in NextPlat stock. Simplicity Wealth LLC purchased a new position in NextPlat Corp. (NASDAQ:NXPL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 600,000 shares of the company’s stock, valued at approximately $497,000. Simplicity Wealth LLC owned 2.31% of NextPlat at the end of the most recent quarter. Hedge funds and other institutional investors own 1.30% of the company’s stock.

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.