NextPlat Corp (NASDAQ:NXPL) is seeing a big drop in short interest

NextPlat Corp (NASDAQ:NXPL – Get Free Report ) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 118,300 shares, a decrease of 15.4% from August 31st’s total of 139,900 shares. About 1.3% of the company’s shares are short-sold. Based on an average daily volume of 120,000 shares, the days-to-cover ratio is currently 1.0 days.

NextPlat trading up 0.7%

NXPL traded up $0.01 on Friday, reaching $1.42. 25,010 shares of the company traded hands, compared to its average volume of 328,389. The company has a market cap of $26.94 million, a P/E ratio of -5.68 and a beta of 0.89. The company has a quick ratio of 2.93, a current ratio of 3.30, and a debt-to-equity ratio of 0.03. NextPlat has a one year low of $0.99 and a one year high of $2.68. The firm has a fifty day simple moving average of $1.22 and a two hundred day simple moving average of $1.24.

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

About NextPlat

(Get a free report)

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, Asia Pacific and Africa. The company operates full-service retail pharmacies that offer prescription pharmaceuticals, third-party administration services, risk and data management services, compounding drugs, tele-pharmacy services, antiretroviral drugs, drug management drug therapy, contract pharmacy services, and health practice risk management for healthcare organizations and providers, as well as providing prescription drugs to long-term care facilities.

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