NextPlay Technologies, Inc. (NASDAQ:NXTP – Get Rating) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 142,100 shares, a growth of 632.5% from the December 31st total of 19,400 shares. Currently, 3.7% of the company's stock are short sold. Based on an average daily trading volume, of 77,200 shares, the days-to-cover ratio is presently 1.8 days.
NextPlay Technologies Stock Up 5.2 %
NASDAQ:NXTP traded up $0.12 during trading hours on Thursday, reaching $2.43. 109,491 shares of the company traded hands, compared to its average volume of 185,837. The business's 50-day moving average price is $0.75 and its two-hundred day moving average price is $0.43. NextPlay Technologies has a 1 year low of $1.62 and a 1 year high of $17.60.
Get NextPlay Technologies alerts:NextPlay Technologies (NASDAQ:NXTP – Get Rating) last posted its earnings results on Wednesday, January 18th. The company reported ($0.54) EPS for the quarter, topping analysts' consensus estimates of ($0.60) by $0.06. The business had revenue of $0.63 million during the quarter, compared to analyst estimates of $1.05 million. NextPlay Technologies had a negative return on equity of 60.88% and a negative net margin of 1,295.88%. On average, research analysts anticipate that NextPlay Technologies will post -3.2 earnings per share for the current fiscal year.
Institutional Trading of NextPlay Technologies
A number of institutional investors and hedge funds have recently modified their holdings of NXTP. Bank of New York Mellon Corp bought a new stake in shares of NextPlay Technologies in the first quarter worth $64,000. BlackRock Inc. grew its holdings in shares of NextPlay Technologies by 9.8% in the first quarter. BlackRock Inc. now owns 912,274 shares of the company's stock worth $501,000 after acquiring an additional 81,227 shares during the period. Vanguard Group Inc. grew its holdings in shares of NextPlay Technologies by 13.9% in the first quarter. Vanguard Group Inc. now owns 3,423,699 shares of the company's stock worth $1,883,000 after acquiring an additional 418,384 shares during the period. Virtu Financial LLC grew its holdings in shares of NextPlay Technologies by 757.0% in the second quarter. Virtu Financial LLC now owns 133,887 shares of the company's stock worth $47,000 after acquiring an additional 118,264 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of NextPlay Technologies in the second quarter worth $60,000. Institutional investors own 5.00% of the company's stock.About NextPlay Technologies
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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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