NextPlat Corp (NASDAQ:NXPL – Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 38,700 shares, an increase of 20.9% from the March 15th total of 32,000 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 12,200 shares, the short-interest ratio is currently 3.2 days.
NextPlat Trading Down 20.9 %
Shares of NextPlat stock traded down $0.39 on Monday, hitting $1.48. 1,344,080 shares of the company traded hands, compared to its average volume of 683,309. NextPlat has a 52 week low of $1.21 and a 52 week high of $4.26. The company has a market cap of $27.72 million, a PE ratio of -5.92 and a beta of 1.16. The stock’s 50 day moving average price is $1.49 and its 200-day moving average price is $1.62. The company has a current ratio of 3.07, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of NXPL. BlackRock Inc. bought a new position in shares of NextPlat during the 2nd quarter worth $29,000. State Street Corp bought a new stake in shares of NextPlat in the second quarter valued at about $31,000. Vanguard Group Inc. purchased a new stake in NextPlat in the third quarter worth about $51,000. Finally, Geode Capital Management LLC grew its holdings in NextPlat by 81.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,681 shares of the company’s stock worth $331,000 after acquiring an additional 54,463 shares in the last quarter. 1.30% of the stock is currently owned by hedge funds and other institutional investors.
About NextPlat
NextPlat Corp, together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in Europe, North America, South America, the Asia & Pacific, and Africa.
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