NextPlay Technologies, Inc. (NASDAQ:NXTP – Get Rating) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 61,900 shares, a drop of 56.4% from the January 15th total of 142,100 shares. Approximately 1.6% of the company's stock are sold short. Based on an average trading volume of 79,100 shares, the short-interest ratio is currently 0.8 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC lifted its stake 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 buying an additional 118,264 shares in the last quarter. Millennium Management LLC bought a new position in shares of NextPlay Technologies in the second quarter worth approximately $60,000. Bank of New York Mellon Corp bought a new position in shares of NextPlay Technologies in the first quarter worth approximately $64,000. BlackRock Inc. lifted its stake 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 buying an additional 81,227 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 buying an additional 418,384 shares in the last quarter. 5.00% of the stock is owned by hedge funds and other institutional investors.
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NextPlay Technologies Trading Down 4.9 %
NASDAQ NXTP traded down $0.12 during trading hours on Friday, reaching $2.39. 35,122 shares of the company's stock traded hands, compared to its average volume of 79,665. NextPlay Technologies has a 52-week low of $1.62 and a 52-week high of $15.50. The firm has a 50-day simple moving average of $1.37 and a 200 day simple moving average of $0.63.
NextPlay Technologies (NASDAQ:NXTP – Get Rating) last issued its quarterly earnings results on Wednesday, January 18th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.60) by $0.06. NextPlay Technologies had a negative net
margin of 1,295.88% and a negative return on equity of 60.88%. The company had revenue of $0.63 million during the quarter, compared to analysts' expectations of $1.05 million. As a group, sell-side analysts expect that NextPlay Technologies will post -3.2 EPS for the current fiscal year.
About NextPlay Technologies
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NextPlay Technologies, Inc provides digital advertising services. It operates under the following segments: NextMedia Division, NextFinTech Division, and NextTrip Division. The NextMedia Division consists of HotPlay and Rehnhart/Zappware. The NextFinTech division consists of Longroot and NextBank. The NextTrip division includes NextTrip holdings.
Further Reading
- Get a free copy of the StockNews.com research report on NextPlay Technologies (NXTP)
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