NextPlat Corp (NASDAQ:NXPL) Short Interest Down 20.3% in November

NextPlat Corp (NASDAQ:NXPL) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 17,700 shares, a decline of 20.3% from the October 31st total of 22,200 shares. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

NextPlat Price Performance

Shares of NASDAQ:NXPL traded down $0.06 during trading on Friday, hitting $0.79. 45,965 shares of the company were exchanged, compared to its average volume of 273,914. The company has a quick ratio of 3.04, a current ratio of 3.70 and a debt-to-equity ratio of 0.04. NextPlat has a 1-year low of $0.75 and a 1-year high of $2.68. The company has a market capitalization of $20.51 million, a P/E ratio of -1.17 and a beta of 0.92. The business’s 50 day moving average is $1.13 and its 200-day moving average is $1.15.

Hedge Funds Weigh In On NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Omnia Family Wealth LLC acquired a new stake in NextPlat Corp (NASDAQ:NXPL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 93,429 shares of the company’s stock, valued at approximately $132,000. Omnia Family Wealth LLC owned about 0.49% of NextPlat at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.30% of the company’s stock.

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.