NEXT plc (OTCMKTS:NXGPF) Sees Significant Decrease in Short Interest

NEXT plc (OTCMKTS:NXGPF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 867 shares, a drop of 40.7% from the January 15th total of 1,463 shares. Based on an average daily volume of 161 shares, the short-interest ratio is presently 5.4 days. Based on an average daily volume of 161 shares, the short-interest ratio is presently 5.4 days.

NEXT Price Performance

Shares of NXGPF stock remained flat at $187.76 on Friday. NEXT has a 12-month low of $121.50 and a 12-month high of $187.78. The company has a 50-day simple moving average of $187.76 and a 200-day simple moving average of $177.29.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of NEXT in a research report on Monday, October 27th. Jefferies Financial Group downgraded NEXT from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NEXT presently has a consensus rating of “Moderate Buy”.

NEXT Company Profile

Next Plc is a British multinational retailer specializing in clothing, footwear and home products. Headquartered in Enderby, Leicestershire, the company operates through a combination of full-price stores, outlet locations and an extensive online platform. Since its launch under the Next brand in 1982, the company has focused on designing and sourcing a wide range of apparel and homeware items for men, women and children.

The company’s core business activities include product design, sourcing and distribution, underpinned by its integrated logistics network.