NextPlay Technologies, Inc. (NASDAQ:NXTP) Sees Large Decline in Short Interest

NextPlay Technologies, Inc. (NASDAQ:NXTP – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 60,600 shares, a drop of 57.4% from the April 30th total of 142,400 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 97,800 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of NextPlay Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of NextPlay Technologies in the first quarter worth $64,000. BlackRock Inc. lifted its position in NextPlay Technologies by 9.8% in the first 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 last quarter. Vanguard Group Inc. lifted its position in NextPlay Technologies by 13.9% in the first 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 last quarter. Virtu Financial LLC lifted its position in NextPlay Technologies by 757.0% in the second 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 last quarter. Finally, Millennium Management LLC purchased a new stake in NextPlay Technologies in the second quarter valued at $60,000. Institutional investors and hedge funds own 5.00% of the company’s stock.

NextPlay Technologies Stock Performance

NextPlay Technologies stock remained flat at $1.13 during trading on Friday. 23,298 shares of the company traded hands, compared to its average volume of 104,420. NextPlay Technologies has a 12-month low of $0.93 and a 12-month high of $10.98. The company has a fifty day simple moving average of $1.24 and a 200 day simple moving average of $1.23. The stock has a market cap of $6.75 million, a PE ratio of -0.15 and a beta of 2.15.

NextPlay Technologies Company Profile

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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.