NextPlat Corp (NASDAQ:NXPL) Short Interest Up 1,762.1% in December

NextPlat Corp (NASDAQ:NXPL) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 54,000 shares, a growth of 1,762.1% from the November 30th total of 2,900 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 119,400 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Omnia Family Wealth LLC acquired a new position in NextPlat Corp (NASDAQ:NXPL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 93,429 shares of the company’s stock, valued at approximately $132,000. Omnia Family Wealth LLC owned about 0.49% of NextPlat as of its most recent SEC filing. Institutional investors and hedge funds own 1.30% of the company’s stock.

NextPlat Stock Down 1.7 %

NASDAQ:NXPL traded down $0.02 during trading hours on Friday, reaching $1.16. 136,139 shares of the company traded hands, compared to its average volume of 277,463. 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 business’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.13. NextPlat has a 1 year low of $0.71 and a 1 year high of $2.68. The stock has a market capitalization of $30.12 million, a P/E ratio of -1.71 and a beta of 0.85.

NextPlat Company Profile

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.