NextTrip, Inc. (NASDAQ:NTRP) Short Interest Down 65.9% in July

NextTrip, Inc. (NASDAQ:NTRP) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 35,633 shares, a decrease of 65.9% from the July 15th total of 104,444 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 125,008 shares, the days-to-cover ratio is currently 0.3 days.

NextTrip Stock Performance

NTRP stock traded down $0.08 during trading on Friday, reaching $1.46. 50,138 shares of the company’s stock were exchanged, compared to its average volume of 108,042. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.02. NextTrip has a 1-year low of $1.46 and a 1-year high of $5.20. The company’s fifty day moving average price is $1.93 and its 200-day moving average price is $2.51. The firm has a market cap of $22.03 million, a PE ratio of -1.04 and a beta of 1.05.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, meeting analysts’ consensus estimates of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. On average, research analysts expect that NextTrip will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at NextTrip

In related news, Director David T. Jiang purchased 18,200 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average price of $2.75 per share, with a total value of $50,050.00. Following the acquisition, the director owned 1,582,157 shares in the company, valued at approximately $4,350,931.75. This trade represents a 1.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 44.50% of the company’s stock.

Institutional Trading of NextTrip

An institutional investor recently raised its stake in NextTrip stock. Geode Capital Management LLC lifted its stake in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the period. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 as of its most recent filing with the Securities and Exchange Commission. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NTRP. Ascendiant Capital Markets raised their target price on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings lowered shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.50.

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.