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

by · The Cerbat Gem

NextPlat Corp (NASDAQ:NXPL – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 40,900 shares, a decrease of 52.1% from the September 30th total of 85,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 121,900 shares, the short-interest ratio is presently 0.3 days.

NextPlat Price Performance

Shares of NXPL stock traded up $0.02 during trading hours on Friday, reaching $1.10. The stock had a trading volume of 27,626 shares, compared to its average volume of 300,936. The stock’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.20. The firm has a market capitalization of $20.87 million, a PE ratio of -3.79 and a beta of 0.90. NextPlat has a 12 month low of $0.99 and a 12 month high of $2.68. The company has a current ratio of 3.30, a quick ratio of 2.93 and a debt-to-equity ratio of 0.03.

NextPlat (NASDAQ:NXPL – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.24 earnings per share for the quarter. NextPlat had a positive return on equity of 29.57% and a negative net margin of 7.59%. The business had revenue of $16.99 million for the quarter.

About NextPlat

(Get Free Report)

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.

Featured Articles