Next PLC (OTCMKTS:NXGPY) Short Interest Up 148.2% in February

Next PLC (OTCMKTS:NXGPY) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,385 shares, an increase of 148.2% from the January 29th total of 558 shares. Based on an average daily volume of 980 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 980 shares, the days-to-cover ratio is presently 1.4 days.

Next Price Performance

Shares of NXGPY opened at $88.93 on Friday. The business’s 50-day moving average price is $91.99 and its 200-day moving average price is $88.98. The company has a current ratio of 1.74, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85. Next has a twelve month low of $62.60 and a twelve month high of $101.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Next from a “hold” rating to a “strong-buy” rating in a 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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Next has a consensus rating of “Buy”.

Next Company Profile

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.