Next Co., Ltd. (OTCMKTS:NXCLF) Sees Large Decrease in Short Interest

Next Co., Ltd. (OTCMKTS:NXCLF) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 35,671 shares, a drop of 64.0% from the August 15th total of 99,060 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 18 shares, the short-interest ratio is currently 1,981.7 days.

Next Stock Performance

Shares of OTCMKTS NXCLF remained flat at $1.55 during midday trading on Friday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.31. Next has a 52-week low of $1.20 and a 52-week high of $1.58. The firm has a 50-day moving average price of $1.57 and a two-hundred day moving average price of $1.50. The firm has a market cap of $198.61 million, a PE ratio of 19.38 and a beta of -0.15.

Next (OTCMKTS:NXCLF) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.03 EPS for the quarter. Next had a return on equity of 12.31% and a net margin of 11.37%.The firm had revenue of $44.44 million during the quarter.

About Next

Next plc, trading over-the-counter under the symbol NXCLF, is a British multinational retailer specializing in fashion, footwear and home products. The company operates a network of physical stores across the United Kingdom and Ireland, complemented by a global e-commerce platform that serves customers in more than 70 countries. Next offers a broad range of branded and own-label apparel for men, women and children, as well as home furnishings, accessories and beauty products.

The origins of Next trace back to the 19th century tailoring business of Joseph Hepworth & Son, which gradually evolved into the modern Next brand first launched in 1982.