Next PLC (OTCMKTS:NXGPY) Short Interest Down 15.0% in March

Next PLC (OTCMKTS:NXGPY) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,123 shares, a drop of 15.0% from the February 26th total of 3,673 shares. Based on an average trading volume of 1,201 shares, the short-interest ratio is currently 2.6 days. Approximately 0.0% of the company’s shares are short sold.

Next Stock Performance

NXGPY opened at $82.55 on Wednesday. The stock’s 50-day moving average price is $88.37 and its 200 day moving average price is $89.67. Next has a 12-month low of $67.72 and a 12-month high of $101.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.16.

Analysts Set New Price Targets

NXGPY has been the topic of several recent analyst reports. Jefferies Financial Group lowered shares of Next from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Zacks Research downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Next

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.