Short Interest in Next PLC (OTCMKTS:NXGPY) Declines By 40.5%

by · The Markets Daily

Next PLC (OTCMKTS:NXGPY – Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 558 shares, a decrease of 40.5% from the January 15th total of 938 shares. Based on an average daily trading volume, of 1,015 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,015 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NXGPY shares. Zacks Research upgraded Next from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Jefferies Financial Group downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Read Our Latest Report on NXGPY

Next Price Performance

Next stock opened at $87.83 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.74. The business has a 50 day simple moving average of $92.74 and a 200-day simple moving average of $88.58. Next has a 12 month low of $62.60 and a 12 month high of $101.25.

Next Company Profile

(Get Free Report)

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.

Read More