Short Interest in NextPlat Corp (NASDAQ:NXPL) Increases By 234.9%

NextPlat Corp (NASDAQ:NXPL) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 129,600 shares, a growth of 234.9% from the March 31st total of 38,700 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 783,800 shares, the short-interest ratio is currently 0.2 days.

NextPlat Stock Performance

Shares of NXPL stock opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 3.07. The company has a market capitalization of $22.66 million, a P/E ratio of -4.84 and a beta of 1.16. The company’s 50 day moving average price is $1.45 and its two-hundred day moving average price is $1.59. NextPlat has a 52 week low of $1.14 and a 52 week high of $3.12.

NextPlat (NASDAQ:NXPL) last announced its earnings results on Thursday, April 11th. The company reported $0.38 EPS for the quarter. The firm had revenue of $16.63 million for the quarter. NextPlat had a negative net margin of 10.01% and a positive return on equity of 13.02%.

About NextPlat

NextPlat Corp, together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in Europe, North America, South America, the Asia & Pacific, and Africa.