NextPlat Corp. (NASDAQ:NXPL) Sees Large Drop in Short Interest

NextPlat Corp. (NASDAQ:NXPL) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 158,290 shares, a decline of 15.2% from the January 29th total of 186,708 shares. Based on an average trading volume of 57,922 shares, the short-interest ratio is currently 2.7 days. Currently, 1.1% of the shares of the stock are short sold. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 57,922 shares, the short-interest ratio is currently 2.7 days.

Institutional Investors Weigh In On NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Citadel Advisors LLC purchased a new stake in NextPlat Corp. (NASDAQ:NXPL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,176 shares of the company’s stock, valued at approximately $40,000. Citadel Advisors LLC owned 0.19% of NextPlat as of its most recent filing with the Securities and Exchange Commission. 1.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, According to MarketBeat, the stock has an average rating of “Sell”.

NextPlat Trading Down 2.1%

NextPlat stock traded down $0.01 during trading hours on Wednesday, hitting $0.49. The stock had a trading volume of 190,776 shares, compared to its average volume of 688,545. The business’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.69. NextPlat has a one year low of $0.43 and a one year high of $1.11. The stock has a market cap of $12.80 million, a price-to-earnings ratio of -1.62 and a beta of 1.26. The company has a quick ratio of 2.80, a current ratio of 3.56 and a debt-to-equity ratio of 0.04.

NextPlat Company Profile

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.