NextPlat Corp (NASDAQ:NXPL) Short Interest Update

NextPlat Corp (NASDAQ:NXPL) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 115,500 shares, a drop of 13.7% from the January 31st total of 133,800 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 379,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of NextPlat

A number of hedge funds have recently added to or reduced their stakes in NXPL. Omnia Family Wealth LLC purchased a new position in NextPlat during the 3rd quarter valued at about $132,000. Renaissance Technologies LLC bought a new position in shares of NextPlat during the fourth quarter valued at approximately $30,000. Finally, Geode Capital Management LLC increased its holdings in NextPlat by 54.6% during the fourth quarter. Geode Capital Management LLC now owns 165,459 shares of the company’s stock valued at $179,000 after buying an additional 58,402 shares during the period. 1.30% of the stock is owned by hedge funds and other institutional investors.

NextPlat Price Performance

Shares of NXPL stock opened at $0.92 on Wednesday. NextPlat has a twelve month low of $0.71 and a twelve month high of $2.68. 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 stock has a fifty day simple moving average of $1.10 and a two-hundred day simple moving average of $1.13. The stock has a market capitalization of $23.89 million, a price-to-earnings ratio of -1.35 and a beta of 0.76.

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.