NextPlay Technologies, Inc. (NASDAQ:NXTP – Get Rating) was the recipient of a significant drop in short interest in December. As of December 30th, there was short interest totalling 19,400 shares, a drop of 96.0% from the December 15th total of 489,600 shares. Based on an average trading volume of 156,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company's stock are short sold.
Institutional Trading of NextPlay Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXTP. Vanguard Group Inc. increased its holdings in shares of NextPlay Technologies by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 3,423,699 shares of the company's stock valued at $1,883,000 after acquiring an additional 418,384 shares during the period. BlackRock Inc. increased its holdings in shares of NextPlay Technologies by 9.8% in the 1st quarter. BlackRock Inc. now owns 912,274 shares of the company's stock valued at $501,000 after acquiring an additional 81,227 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of NextPlay Technologies in the 1st quarter valued at $64,000. Millennium Management LLC acquired a new position in shares of NextPlay Technologies in the 2nd quarter valued at $60,000. Finally, Virtu Financial LLC increased its holdings in shares of NextPlay Technologies by 757.0% in the 2nd quarter. Virtu Financial LLC now owns 133,887 shares of the company's stock valued at $47,000 after acquiring an additional 118,264 shares during the period. Institutional investors and hedge funds own 5.00% of the company's stock.
Get NextPlay Technologies alerts:NextPlay Technologies Trading Up 6.8 %
NASDAQ:NXTP traded up $0.17 during mid-day trading on Wednesday, hitting $2.68. The stock had a trading volume of 190,376 shares, compared to its average volume of 253,056. The stock has a 50-day simple moving average of $0.48 and a two-hundred day simple moving average of $0.34. The company has a market capitalization of $15.87 million, a PE ratio of -0.28 and a beta of 2.04. NextPlay Technologies has a twelve month low of $1.62 and a twelve month high of $17.60.
NextPlay Technologies (NASDAQ:NXTP – Get Rating) last issued its earnings results on Monday, October 24th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). NextPlay Technologies had a negative net margin of 672.99% and a negative return on equity of 59.85%. The firm had revenue of $0.46 million during the quarter, compared to analyst estimates of $0.95 million. Sell-side analysts predict that NextPlay Technologies will post -3.2 EPS for the current fiscal year.NextPlay Technologies Company Profile
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NextPlay Technologies, Inc, a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel.
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