Short Interest in NextPlat Corp (NASDAQ:NXPL) Drops By 26.5%

NextPlat Corp (NASDAQ:NXPL) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 84,900 shares, a decrease of 26.5% from the February 13th total of 115,500 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 377,200 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Renaissance Technologies LLC bought a new stake in shares of NextPlat Corp (NASDAQ:NXPL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,000 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 0.11% of NextPlat at the end of the most recent quarter. Hedge funds and other institutional investors own 1.30% of the company’s stock.

NextPlat Stock Down 1.0 %

NASDAQ:NXPL traded down $0.01 on Friday, reaching $1.00. 28,632 shares of the stock traded hands, compared to its average volume of 374,455. The company has a current ratio of 3.70, a quick ratio of 3.04 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $25.96 million, a price-to-earnings ratio of -1.47 and a beta of 0.79. NextPlat has a 12 month low of $0.71 and a 12 month high of $2.68. The company’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $1.12.

About NextPlat

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.