Short Interest in NEXT plc (OTCMKTS:NXGPF) Drops By 64.0%

NEXT plc (OTCMKTS:NXGPF) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,301 shares, a decrease of 64.0% from the December 15th total of 3,612 shares. Based on an average daily trading volume, of 29 shares, the days-to-cover ratio is presently 44.9 days. Based on an average daily trading volume, of 29 shares, the days-to-cover ratio is presently 44.9 days.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NXGPF shares. Jefferies Financial Group lowered shares of NEXT from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Morgan Stanley reiterated an “overweight” rating on shares of NEXT in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

NEXT Stock Performance

OTCMKTS NXGPF remained flat at $187.76 during trading on Thursday. 1 shares of the company’s stock traded hands, compared to its average volume of 171. The stock has a 50 day simple moving average of $187.76 and a two-hundred day simple moving average of $174.29. NEXT has a 1-year low of $121.50 and a 1-year high of $187.78.

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.