NextTrip, Inc. (NASDAQ:NTRP) Stock Short Interest Climbs 84.9%

NextTrip, Inc. (NASDAQ:NTRP) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 118,173 shares, a growth of 84.9% from the August 31st total of 63,900 shares. Based on an average trading volume of 54,922 shares, the short-interest ratio is currently 2.2 days. Currently, 1.3% of the company’s stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NTRP. Ascendiant Capital Markets upped their price objective on NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research note on Monday, September 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextTrip in a research report on Tuesday, September 1st. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.75.

Insider Buying and Selling

In related news, Director Andrew Kaplan purchased 52,910 shares of NextTrip stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average cost of $1.89 per share, with a total value of $99,999.90. Following the completion of the transaction, the director owned 104,492 shares of the company’s stock, valued at approximately $197,489.88. This trade represents a 102.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 40.00% of the company’s stock.

NextTrip Trading Up 5.0%

NextTrip stock opened at $1.89 on Thursday. The stock has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $2.16. The stock has a market capitalization of $28.52 million, a P/E ratio of -1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61. NextTrip has a 52 week low of $0.90 and a 52 week high of $5.20.

NextTrip (NASDAQ:NTRP) last released its quarterly earnings data on Wednesday, July 15th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. Analysts expect that NextTrip will post -0.98 earnings per share for the current year.

About NextTrip

NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.

NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.

The company serves customers seeking travel within the United States and to international destinations through its online offerings.