NextTrip, Inc. (NASDAQ:NTRP) Short Interest Down 60.9% in February

NextTrip, Inc. (NASDAQ:NTRP) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 8,202 shares, a decline of 60.9% from the February 12th total of 20,990 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 21,753 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 21,753 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

NextTrip Price Performance

NASDAQ NTRP traded down $0.03 during trading on Friday, reaching $2.92. 27,990 shares of the company traded hands, compared to its average volume of 46,356. NextTrip has a 1-year low of $1.50 and a 1-year high of $6.48. The company has a market cap of $39.91 million, a price-to-earnings ratio of -2.04 and a beta of 1.45. The stock’s 50 day moving average price is $3.12 and its two-hundred day moving average price is $3.54. 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 issued its earnings results on Wednesday, January 14th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. As a group, analysts anticipate that NextTrip will post -0.78 EPS for the current year.

Institutional Trading of NextTrip

A number of hedge funds and other institutional investors have recently made changes to their positions in NTRP. Armistice Capital LLC bought a new position in shares of NextTrip in the fourth quarter valued at about $3,230,000. Geode Capital Management LLC grew its holdings in NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after acquiring an additional 7,086 shares during the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in NextTrip during the 3rd quarter worth about $33,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTRP has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a research report on Monday, December 29th. Ascendiant Capital Markets started coverage on shares of NextTrip in a research note on Monday, March 2nd. They issued a “buy” rating and a $7.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.00.

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.