NextTrip, Inc. (NASDAQ:NTRP) Stock Short Interest Jumps 92.9%

NextTrip, Inc. (NASDAQ:NTRP) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 227,943 shares, an increase of 92.9% from the September 15th total of 118,173 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 99,845 shares, the days-to-cover ratio is presently 2.3 days.

NextTrip Stock Down 18.6%

Shares of NTRP stock traded down $0.31 on Friday, hitting $1.36. The stock had a trading volume of 121,775 shares, compared to its average volume of 105,964. The firm has a market capitalization of $20.52 million, a price-to-earnings ratio of -0.96 and a beta of 0.97. 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. The stock’s 50 day moving average is $1.63 and its 200-day moving average is $2.10.

NextTrip (NASDAQ:NTRP) last announced its earnings results on Thursday, October 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. The company had revenue of $0.55 million during the quarter, compared to the consensus estimate of $1.79 million. As a group, research analysts expect that NextTrip will post -0.98 earnings per share for the current year.

Insider Buying and Selling at NextTrip

In other news, Director Andrew Kaplan purchased 52,910 shares of the stock in a transaction dated Thursday, September 17th. The shares were purchased at an average cost of $1.89 per share, with a total value of $99,999.90. Following the completion of the purchase, the director directly owned 104,492 shares of the company’s stock, valued at approximately $197,489.88. The trade was a 102.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 40.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on NTRP. Ascendiant Capital Markets increased their price objective on NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research report on Monday, September 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NextTrip presently has an average rating of “Hold” and a consensus price target of $7.75.

About NextTrip

NextTrip, Inc is a travel technology company that provides online booking services for leisure and business travelers. Through its digital platform, the company helps customers search for and reserve accommodations, flights, rental cars, vacation packages and other travel-related services.

In addition to individual travel bookings, NextTrip offers services for group travel, meetings and events. Its business model combines direct-to-consumer offerings with relationships involving travel suppliers and distribution partners, allowing customers to organize multiple components of a trip through a single platform.

NextTrip primarily serves travelers in the United States through its online channels and the NextTrip brand.